Realty Income Corporation $O Shares Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC raised its stake in Realty Income Corporation (NYSE:O) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,067 shares of the real estate investment trust’s stock after buying an additional 2,022 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Realty Income were worth $2,125,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Compagnie Lombard Odier SCmA purchased a new position in Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income during the 1st quarter worth approximately $26,000. PSI Advisors LLC raised its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 252 shares during the period. FSC Wealth Advisors LLC lifted its holdings in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 455 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Realty Income in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on O shares. Evercore ISI started coverage on Realty Income in a research report on Wednesday. They issued an “in-line” rating and a $62.00 target price on the stock. UBS Group lifted their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Barclays lifted their price objective on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $62.25.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business’s 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 directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

O stock opened at $60.41 on Friday. The business has a 50 day moving average price of $58.73 and a 200 day moving average price of $57.37. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $55.24 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. Equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income’s dividend payout ratio is 313.59%.

Realty Income Company 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.