WESPAC Advisors LLC Invests $794,000 in Realty Income Corporation $O

WESPAC Advisors LLC acquired a new stake in Realty Income Corporation (NYSE:O) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 13,064 shares of the real estate investment trust’s stock, valued at approximately $794,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income in the second quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC purchased a new stake in Realty Income in the 3rd quarter valued at approximately $29,000. Avion Wealth grew its holdings in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Realty Income during the 2nd quarter valued at $31,000. Finally, Country Trust Bank increased its position in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.5%

Shares of O opened at $59.17 on Wednesday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The firm has a market capitalization of $54.43 billion, a P/E ratio of 54.79, a price-to-earnings-growth ratio of 3.78 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $57.17 and its 200 day simple moving average is $58.06.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a $0.27 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a yield of 5.5%. Realty Income’s dividend payout ratio (DPR) is presently 300.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. restated an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a report on Thursday, December 18th. Cantor Fitzgerald decreased their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Evercore ISI started coverage on Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $62.23.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.