Realty Income Corporation $O Shares Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC increased its stake in shares of Realty Income Corporation (NYSE:OFree Report) by 30.1% during the third quarter, Holdings Channel reports. The institutional investor owned 41,773 shares of the real estate investment trust’s stock after acquiring an additional 9,665 shares during the period. Sowell Financial Services LLC’s holdings in Realty Income were worth $2,539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Realty Income during the 2nd quarter valued at approximately $676,500,000. Vanguard Group Inc. increased its stake in Realty Income by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after purchasing an additional 3,624,852 shares in the last quarter. Geode Capital Management LLC raised its holdings in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after purchasing an additional 2,058,031 shares during the last quarter. Schroder Investment Management Group boosted its position in Realty Income by 420.0% during the second quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after purchasing an additional 1,728,082 shares in the last quarter. Finally, ABN Amro Investment Solutions purchased a new stake in Realty Income during the second quarter worth $70,939,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Key Realty Income News

Here are the key news stories impacting Realty Income this week:

Analyst Ratings Changes

Several research analysts have recently issued reports on O shares. Wall Street Zen downgraded Realty Income from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 22nd. Morgan Stanley upped their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore ISI assumed coverage on 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. Finally, Royal Bank Of Canada upped their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.23.

Check Out Our Latest Stock Report on O

Realty Income Stock Performance

NYSE:O opened at $56.70 on Monday. 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 cap of $52.15 billion, a PE ratio of 52.50, a P/E/G ratio of 3.56 and a beta of 0.80. The firm has a 50 day simple moving average of $57.53 and a 200-day simple moving average of $58.05. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08.

Realty Income (NYSE:OGet Free Report) last released its 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. Realty Income’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.27 per share. This represents a c) annualized dividend and a yield of 5.7%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. Realty Income’s dividend payout ratio (DPR) is currently 299.07%.

About Realty Income

(Free Report)

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.

See Also

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:OFree Report).

Institutional Ownership by Quarter for Realty Income (NYSE:O)

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