Ballentine Partners LLC Purchases 2,512 Shares of Realty Income Corporation $O

Ballentine Partners LLC increased its position in shares of Realty Income Corporation (NYSE:O) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,550 shares of the real estate investment trust’s stock after buying an additional 2,512 shares during the quarter. Ballentine Partners LLC’s holdings in Realty Income were worth $896,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the 2nd quarter worth $25,000. Keystone Global Partners LLC acquired a new position in Realty Income during the first quarter worth $26,000. PSI Advisors LLC lifted its stake in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 252 shares in the last quarter. FSC Wealth Advisors LLC grew its holdings in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 455 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Realty Income by 87.6% during the first 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. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

O stock opened at $59.78 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market cap of $54.65 billion, a PE ratio of 58.04, a P/E/G ratio of 4.58 and a beta of 0.77. The business has a 50 day moving average of $58.37 and a 200-day moving average of $57.21. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. As a group, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. Realty Income’s dividend payout ratio is 313.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on O. Barclays upped their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Mizuho upped their price target on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $62.36.

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.