Capital Investment Advisors LLC Raises Stock Holdings in Realty Income Corporation $O

Capital Investment Advisors LLC boosted its stake in shares of Realty Income Corporation (NYSE:O) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,238 shares of the real estate investment trust’s stock after buying an additional 14,006 shares during the quarter. Capital Investment Advisors LLC’s holdings in Realty Income were worth $11,565,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in O. Compagnie Lombard Odier SCmA purchased a new position in shares of Realty Income during the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the third quarter worth $29,000. Avion Wealth lifted its stake in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Realty Income during the second quarter worth $31,000. Finally, Country Trust Bank grew its stake in shares of Realty Income by 806.5% in the second 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 in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

O has been the topic of several research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Evercore ISI started 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 target on the stock. Wells Fargo & Company raised their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. 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 report on Tuesday, November 4th. Three 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.23.

Realty Income Stock Up 1.7%

O stock opened at $58.30 on Friday. The company’s 50 day moving average price is $57.09 and its 200 day moving average price is $58.02. The firm has a market capitalization of $53.63 billion, a price-to-earnings ratio of 53.98, a PEG ratio of 3.48 and a beta of 0.80. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal 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 issued a $0.27 dividend. This represents a c) annualized dividend and a yield of 5.6%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 31st. Realty Income’s dividend payout ratio is currently 300.00%.

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.