Realty Income Co. (NYSE:O) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its position in Realty Income Co. (NYSE:O) by 46.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,723 shares of the real estate investment trust’s stock after purchasing an additional 6,574 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Realty Income were worth $1,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank purchased a new stake in Realty Income in the 4th quarter valued at about $25,000. Vima LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $25,000. Pacifica Partners Inc. raised its stake in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the period. WASHINGTON TRUST Co lifted its holdings in shares of Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Realty Income during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $61.77 on Tuesday. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $61.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $53.79 billion, a PE ratio of 57.19, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The business’s fifty day moving average price is $56.82 and its 200 day moving average price is $54.39.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. On average, sell-side analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be issued a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 3rd. Realty Income’s payout ratio is 291.67%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Robert W. Baird raised their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Wedbush began coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. UBS Group raised their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.27.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income 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.