Donald L. Hagan LLC Decreases Stock Position in Realty Income Corporation $O

Donald L. Hagan LLC reduced its position in Realty Income Corporation (NYSE:O) by 1.5% in the second quarter, Holdings Channel.com reports. The fund owned 28,576 shares of the real estate investment trust’s stock after selling 426 shares during the period. Realty Income makes up about 0.8% of Donald L. Hagan LLC’s investment portfolio, making the stock its 23rd largest position. Donald L. Hagan LLC’s holdings in Realty Income were worth $1,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in Realty Income in the 2nd quarter worth approximately $25,000. Keystone Global Partners LLC bought a new stake in Realty Income in the 1st quarter worth approximately $26,000. PSI Advisors LLC grew its position in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 252 shares during the period. FSC Wealth Advisors LLC lifted its holdings in shares of Realty Income by 288.0% during the 1st 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 period. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of 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 valued at $38,000 after buying an additional 303 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.4%

O opened at $60.78 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a market capitalization of $55.57 billion, a PE ratio of 59.01, a PEG ratio of 4.63 and a beta of 0.77. The firm’s 50 day simple moving average is $58.59 and its two-hundred day simple moving average is $57.30.

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

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. Realty Income’s dividend payout ratio is presently 313.59%.

Analyst Ratings Changes

Several research firms have recently weighed in on O. Barclays increased their price target on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.10.

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.