Cohen Investment Advisors LLC Boosts Stake in Realty Income Corporation $O

Cohen Investment Advisors LLC lifted its position in shares of Realty Income Corporation (NYSE:O) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,710 shares of the real estate investment trust’s stock after acquiring an additional 2,580 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Realty Income were worth $2,691,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of O. Brighton Jones LLC boosted its stake 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 purchased a new stake in shares of Realty Income during the 4th quarter worth about $571,000. Wedmont Private Capital boosted its stake in shares of Realty Income by 11.6% during the 1st quarter. Wedmont Private Capital now owns 4,841 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 503 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Realty Income by 230.4% during the 1st quarter. Farther Finance Advisors LLC now owns 18,145 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 12,654 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Realty Income by 10.2% during the 1st 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 during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Down 1.0%

O stock opened at $59.01 on Thursday. The company has a market cap of $53.95 billion, a price-to-earnings ratio of 57.29, a PEG ratio of 4.56 and a beta of 0.78. 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 12 month low of $50.71 and a 12 month high of $64.88. The firm has a 50-day moving average of $58.88 and a two-hundred day moving average of $57.44.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. As a group, 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 disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is currently 313.59%.

Analysts Set New Price Targets

O has been the subject of several research analyst reports. Barclays upped their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target for the company. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Scotiabank upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Finally, Mizuho upped their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.25.

Realty Income 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.