Armstrong Fleming & Moore Inc Takes Position in Realty Income Corporation $O

Armstrong Fleming & Moore Inc purchased a new stake in Realty Income Corporation (NYSE:O) during the second quarter, HoldingsChannel.com reports. The fund purchased 15,546 shares of the real estate investment trust’s stock, valued at approximately $896,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $571,000. Wedmont Private Capital increased its position in shares of Realty Income by 11.6% during the first quarter. Wedmont Private Capital now owns 4,841 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 503 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Realty Income by 230.4% during the first quarter. Farther Finance Advisors LLC now owns 18,145 shares of the real estate investment trust’s stock worth $1,037,000 after purchasing an additional 12,654 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Realty Income by 10.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 22,269 shares of the real estate investment trust’s stock worth $1,292,000 after purchasing an additional 2,066 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on O. Cantor Fitzgerald began coverage on Realty Income in a research report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price on the stock. Scotiabank boosted their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Mizuho boosted their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, Evercore ISI began coverage on Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.25.

Realty Income Stock Performance

NYSE O opened at $59.01 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $58.88 and its two-hundred day moving average is $57.44. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The stock has a market capitalization of $53.95 billion, a price-to-earnings ratio of 57.29, a PEG ratio of 4.56 and a beta of 0.78.

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). 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared 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 represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is currently 313.59%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.