Realty Income Corporation $O Shares Acquired by Brighton Jones LLC

Brighton Jones LLC increased its position in Realty Income Corporation (NYSE:O) by 18.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,012 shares of the real estate investment trust’s stock after buying an additional 1,087 shares during the period. Brighton Jones LLC’s holdings in Realty Income were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of O. Bison Wealth LLC acquired a new position in Realty Income during the fourth quarter worth approximately $571,000. Bessemer Group Inc. increased its position in Realty Income by 17.7% during the first quarter. Bessemer Group Inc. now owns 9,031 shares of the real estate investment trust’s stock worth $524,000 after purchasing an additional 1,360 shares during the last quarter. Ameritas Advisory Services LLC increased its position in Realty Income by 1.5% during the first quarter. Ameritas Advisory Services LLC now owns 26,998 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 399 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in Realty Income during the first quarter worth approximately $210,000. Finally, Alta Advisers Ltd acquired a new position in Realty Income during the first quarter worth approximately $239,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the 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 transaction, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Realty Income Price Performance

Realty Income stock opened at $58.34 on Thursday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. The firm has a fifty day moving average of $59.42 and a 200-day moving average of $57.90. The firm has a market capitalization of $53.34 billion, a P/E ratio of 56.64, a PEG ratio of 4.52 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 earnings results 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 firm 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%. Realty Income’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. As a group, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, October 31st. Realty Income’s dividend payout ratio is 313.59%.

Analyst Upgrades and Downgrades

O has been the subject of several research analyst reports. Evercore ISI initiated coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target for the company. Scotiabank upped 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 upped their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Barclays upped their price target on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Finally, Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.58.

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.