Bogart Wealth LLC Buys 463 Shares of Realty Income Corporation $O

Bogart Wealth LLC raised its stake in Realty Income Corporation (NYSE:O) by 57.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,269 shares of the real estate investment trust’s stock after acquiring an additional 463 shares during the quarter. Bogart Wealth LLC’s holdings in Realty Income were worth $73,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the second quarter worth about $25,000. Keystone Global Partners LLC bought a new position in Realty Income in the 1st quarter valued at approximately $26,000. Hilltop National Bank bought a new position in Realty Income in the 2nd quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC raised its holdings in Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 303 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in Realty Income by 309.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 757 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 572 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Scotiabank raised their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Evercore ISI assumed coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Finally, Mizuho raised their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.58.

Realty Income Stock Down 1.0%

Realty Income stock opened at $60.03 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.68. The firm has a 50 day moving average price of $59.27 and a two-hundred day moving average price of $57.61. The firm has a market cap of $54.89 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 4.63 and a beta of 0.78.

Realty Income (NYSE:O) last released its quarterly earnings results 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 return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction that occurred 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 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 filing with the SEC, which is available through this link. 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.