Sound Income Strategies LLC Has $19.13 Million Stock Position in Realty Income Corporation $O

Sound Income Strategies LLC raised its holdings in Realty Income Corporation (NYSE:O) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 326,028 shares of the real estate investment trust’s stock after buying an additional 11,544 shares during the quarter. Realty Income accounts for 1.0% of Sound Income Strategies LLC’s investment portfolio, making the stock its 27th largest holding. Sound Income Strategies LLC’s holdings in Realty Income were worth $19,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income during the 2nd quarter valued at $25,000. Heartwood Wealth Advisors LLC bought a new stake in Realty Income in the third quarter valued at $29,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Realty Income during the 2nd quarter worth about $31,000. Finally, Country Trust Bank grew its stake in shares of Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 500 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 15th. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Finally, Mizuho cut their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.00.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred 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 sale, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Realty Income Trading Down 0.6%

NYSE:O opened at $56.41 on Friday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08. The firm has a 50-day moving average price of $57.81 and a two-hundred day moving average price of $58.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $51.89 billion, a price-to-earnings ratio of 52.23, a price-to-earnings-growth ratio of 3.53 and a beta of 0.80.

Realty Income (NYSE:O) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.Realty Income’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. Realty Income’s dividend payout ratio is 299.07%.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.