Exchange Traded Concepts LLC Raises Position in Realty Income Corporation $O

Exchange Traded Concepts LLC boosted its holdings in Realty Income Corporation (NYSE:O) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 73,505 shares of the real estate investment trust’s stock after purchasing an additional 13,852 shares during the period. Exchange Traded Concepts LLC’s holdings in Realty Income were worth $4,468,000 at the end of the most recent quarter.

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

Realty Income Stock Performance

Shares of O opened at $56.64 on Thursday. The company has a 50-day simple moving average of $57.65 and a two-hundred day simple moving average of $58.05. 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 firm has a market capitalization of $52.10 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 3.51 and a beta of 0.80. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm 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 business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.27 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s payout ratio is 299.07%.

Wall Street Analyst Weigh In

O has been the subject of a number of analyst reports. Evercore ISI assumed coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Barclays upped their price target on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada increased their price target 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. Scotiabank raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report 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 on the stock in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.23.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.