Realty Income Corporation $O Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in shares of Realty Income Corporation (NYSE:O) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 270,654 shares of the real estate investment trust’s stock after acquiring an additional 17,663 shares during the period. D.A. Davidson & CO.’s holdings in Realty Income were worth $16,453,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on O. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Cantor Fitzgerald decreased their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Mizuho cut their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Barclays boosted their price objective 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. Finally, Royal Bank Of Canada increased their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.23.

Realty Income Stock Up 1.0%

Shares of NYSE:O opened at $57.90 on Tuesday. The firm has a market capitalization of $53.26 billion, a PE ratio of 53.61, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. 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 firm’s 50-day moving average is $57.14 and its two-hundred day moving average is $58.02.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business’s quarterly 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. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders 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) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s dividend payout ratio is currently 300.00%.

About Realty Income

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.