Abel Hall LLC Has $668,000 Stake in Realty Income Corporation $O

Abel Hall LLC raised its position in shares of Realty Income Corporation (NYSE:O) by 72.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,592 shares of the real estate investment trust’s stock after acquiring an additional 4,877 shares during the period. Abel Hall LLC’s holdings in Realty Income were worth $668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norinchukin Bank The grew its holdings in Realty Income by 9.7% in the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after buying an additional 7,497 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Realty Income by 2.7% in the second quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock valued at $15,134,000 after acquiring an additional 6,885 shares during the period. Victory Capital Management Inc. grew its stake in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after acquiring an additional 19,965 shares during the last quarter. Community Bank of Raymore increased its position in Realty Income by 19.7% during the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after acquiring an additional 24,467 shares during the period. Finally, Venture Visionary Partners LLC raised its stake in Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock valued at $8,266,000 after purchasing an additional 8,297 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the topic of several research analyst reports. Scotiabank raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Evercore ISI assumed coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Finally, Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $62.25.

Realty Income Stock Down 0.4%

Shares of O opened at $59.65 on Wednesday. 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 company has a 50-day moving average price of $58.83 and a two-hundred day moving average price of $57.42. The stock has a market cap of $54.54 billion, a price-to-earnings ratio of 57.91, a P/E/G ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share 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 the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company’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 posted $1.07 earnings per share. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business 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 boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

About Realty Income

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.