First Trust Advisors LP Increases Position in Realty Income Corporation $O

First Trust Advisors LP lifted its position in shares of Realty Income Corporation (NYSE:O) by 402.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,200,389 shares of the real estate investment trust’s stock after purchasing an additional 961,416 shares during the period. First Trust Advisors LP’s holdings in Realty Income were worth $69,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC increased its holdings in Realty Income by 8.6% in the second quarter. Guggenheim Capital LLC now owns 118,992 shares of the real estate investment trust’s stock valued at $6,855,000 after buying an additional 9,431 shares during the last quarter. JBR Co Financial Management Inc boosted its position in shares of Realty Income by 43.2% during the 2nd quarter. JBR Co Financial Management Inc now owns 33,745 shares of the real estate investment trust’s stock worth $1,944,000 after acquiring an additional 10,180 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Realty Income by 36.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,505 shares of the real estate investment trust’s stock worth $490,000 after acquiring an additional 2,258 shares in the last quarter. Trek Financial LLC purchased a new position in shares of Realty Income in the 2nd quarter valued at about $204,000. Finally, Benedict Financial Advisors Inc. raised its position in shares of Realty Income by 3.0% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 22,515 shares of the real estate investment trust’s stock worth $1,297,000 after acquiring an additional 646 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.4%

Shares of NYSE:O opened at $58.42 on Monday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $53.74 billion, a P/E ratio of 54.09, a P/E/G ratio of 3.67 and a beta of 0.80. The firm has a fifty day moving average price of $58.31 and a 200 day moving average price of $57.97.

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

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a yield of 5.5%. Realty Income’s dividend payout ratio is currently 299.07%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on O shares. Barclays upped their price target on Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Mizuho increased their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald decreased their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.23.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.