Ellis Investment Partners LLC Grows Position in Realty Income Corporation $O

Ellis Investment Partners LLC raised its holdings in Realty Income Corporation (NYSE:O) by 11.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,182 shares of the real estate investment trust’s stock after acquiring an additional 743 shares during the quarter. Ellis Investment Partners LLC’s holdings in Realty Income were worth $414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moseley Investment Management Inc. increased its stake in Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC increased its stake in shares of Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 177 shares in the last quarter. Revisor Wealth Management LLC increased its stake in shares of Realty Income by 2.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 178 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 185 shares in the last quarter. Finally, N.E.W. Advisory Services LLC increased its stake in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after purchasing an additional 186 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Realty Income Stock Up 0.8%

Shares of NYSE O opened at $58.74 on Tuesday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The firm has a fifty day moving average of $58.99 and a 200-day moving average of $57.50. The stock has a market capitalization of $53.71 billion, a PE ratio of 57.03, a P/E/G ratio of 4.45 and a beta of 0.78. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

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

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.5%. Realty Income’s dividend payout ratio is currently 313.59%.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Barclays raised their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Evercore ISI started coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Scotiabank lifted 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. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.25.

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.