Roffman Miller Associates Inc. PA Makes New Investment in Realty Income Corporation $O

Roffman Miller Associates Inc. PA acquired a new position in shares of Realty Income Corporation (NYSE:O) in the 3rd quarter, HoldingsChannel reports. The fund acquired 63,904 shares of the real estate investment trust’s stock, valued at approximately $3,885,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in Realty Income in the second quarter valued at $676,500,000. Vanguard Group Inc. grew its stake in shares of Realty Income by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after buying an additional 3,624,852 shares during the period. Geode Capital Management LLC increased its position in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after buying an additional 2,058,031 shares in the last quarter. Schroder Investment Management Group increased its position in Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after buying an additional 1,728,082 shares in the last quarter. Finally, ABN Amro Investment Solutions acquired a new position in Realty Income during the 2nd quarter worth approximately $70,939,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on O shares. Evercore ISI started coverage on Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Mizuho reduced their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Royal Bank Of Canada boosted their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Wells Fargo & Company upped their price objective on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

Realty Income Price Performance

Shares of NYSE:O opened at $56.70 on Tuesday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a market cap of $52.16 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 3.53 and a beta of 0.80. The stock’s fifty day simple moving average is $57.76 and its two-hundred day simple moving average is $58.06.

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

Realty Income Increases Dividend

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

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at $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 is available at this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Company Profile

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.