Inspire Advisors LLC Buys 7,417 Shares of Realty Income Corporation $O

Inspire Advisors LLC lifted its stake in shares of Realty Income Corporation (NYSE:O) by 78.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,840 shares of the real estate investment trust’s stock after acquiring an additional 7,417 shares during the quarter. Inspire Advisors LLC’s holdings in Realty Income were worth $970,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of O. Compagnie Lombard Odier SCmA purchased a new position in Realty Income during the 2nd quarter worth $25,000. Keystone Global Partners LLC purchased a new position in shares of Realty Income during the first quarter valued at $26,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 309 shares in the last quarter. Hilltop National Bank purchased a new stake in Realty Income in the second quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.6%

Shares of NYSE:O opened at $57.35 on Wednesday. The business’s 50-day moving average is $58.96 and its 200 day moving average is $57.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.08. The firm has a market capitalization of $52.76 billion, a P/E ratio of 55.68, a P/E/G ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.2695 per share. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income’s dividend payout ratio is presently 299.07%.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on O shares. Scotiabank boosted their price target 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research note on Thursday, November 13th. Mizuho increased their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Barclays boosted their price target on 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, Evercore ISI initiated coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.33.

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.