Everpar Advisors LLC Purchases New Stake in Realty Income Corporation $O

Everpar Advisors LLC purchased a new stake in Realty Income Corporation (NYSE:O) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,554 shares of the real estate investment trust’s stock, valued at approximately $205,000.

A number of other large investors have also added to or reduced their stakes in the business. Martin Capital Partners LLC lifted its holdings in Realty Income by 243.2% during the 2nd quarter. Martin Capital Partners LLC now owns 108,467 shares of the real estate investment trust’s stock worth $6,249,000 after purchasing an additional 76,858 shares during the last quarter. Goldstone Financial Group LLC lifted its holdings in Realty Income by 272.0% during the 2nd quarter. Goldstone Financial Group LLC now owns 13,893 shares of the real estate investment trust’s stock worth $801,000 after purchasing an additional 10,158 shares during the last quarter. Gradient Investments LLC acquired a new stake in Realty Income during the 2nd quarter worth approximately $229,000. Adams Asset Advisors LLC lifted its holdings in Realty Income by 58.7% during the 2nd quarter. Adams Asset Advisors LLC now owns 42,323 shares of the real estate investment trust’s stock worth $2,438,000 after purchasing an additional 15,662 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Realty Income by 0.8% during the 2nd quarter. Parallel Advisors LLC now owns 178,337 shares of the real estate investment trust’s stock worth $10,274,000 after purchasing an additional 1,347 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $59.99 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a 50 day moving average price of $58.03 and a two-hundred day moving average price of $57.13. The firm has a market capitalization of $54.85 billion, a P/E ratio of 58.24, a P/E/G ratio of 4.60 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. Equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on O. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Mizuho lifted 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. Scotiabank lifted their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Finally, Barclays lifted their price target on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.