Edmp Inc. Reduces Holdings in Realty Income Corporation $O

Edmp Inc. reduced its position in Realty Income Corporation (NYSE:O) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 46,791 shares of the real estate investment trust’s stock after selling 1,124 shares during the period. Realty Income comprises approximately 2.3% of Edmp Inc.’s holdings, making the stock its 13th biggest holding. Edmp Inc.’s holdings in Realty Income were worth $2,696,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in Realty Income in the 2nd quarter valued at $25,000. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the 1st quarter valued at $26,000. PSI Advisors LLC grew its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 252 shares during the period. FSC Wealth Advisors LLC grew its stake 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, Hilltop National Bank purchased a new stake in shares of Realty Income during the 2nd quarter valued at $36,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated 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 transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

O opened at $58.74 on Tuesday. The company has a 50-day moving average of $58.99 and a 200-day moving average of $57.50. The company has a market capitalization of $53.71 billion, a P/E ratio of 57.03, a PEG ratio of 4.45 and a beta of 0.78. Realty Income Corporation has a 1-year low of $50.71 and a 1-year 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 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). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. Equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on O shares. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Mizuho lifted their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price 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. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.25.

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.