Cromwell Holdings LLC Has $176,000 Holdings in Realty Income Corporation $O

Cromwell Holdings LLC increased its position in shares of Realty Income Corporation (NYSE:O) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,050 shares of the real estate investment trust’s stock after acquiring an additional 443 shares during the period. Cromwell Holdings LLC’s holdings in Realty Income were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in O. Brighton Jones LLC boosted its position in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $571,000. Merit Financial Group LLC boosted its position in shares of Realty Income by 35.2% during the 1st quarter. Merit Financial Group LLC now owns 22,252 shares of the real estate investment trust’s stock worth $1,291,000 after acquiring an additional 5,793 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of Realty Income by 16.0% during the 1st quarter. Portside Wealth Group LLC now owns 11,388 shares of the real estate investment trust’s stock worth $608,000 after acquiring an additional 1,571 shares in the last quarter. Finally, Channel Wealth LLC boosted its position in shares of Realty Income by 108.5% during the 1st quarter. Channel Wealth LLC now owns 13,722 shares of the real estate investment trust’s stock worth $796,000 after acquiring an additional 7,142 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on O shares. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Barclays raised their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Cantor Fitzgerald started coverage on shares of Realty Income in a research report on Wednesday. They issued a “neutral” rating and a $64.00 target price on the stock. Mizuho raised their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.25.

Realty Income Price Performance

O stock opened at $60.08 on Friday. The company has a fifty day moving average price of $58.68 and a 200-day moving average price of $57.34. The company has a market capitalization of $54.93 billion, a P/E ratio of 58.33, a PEG ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

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 (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion for 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%. Realty Income’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. As a group, equities analysts expect 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 issued a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction 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 transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Realty Income Company Profile

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.