Stratos Wealth Advisors LLC Cuts Stake in Realty Income Corporation $O

Stratos Wealth Advisors LLC reduced its stake in Realty Income Corporation (NYSE:O) by 5.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,245 shares of the real estate investment trust’s stock after selling 334 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Realty Income were worth $360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in Realty Income during the second quarter valued at about $25,000. Keystone Global Partners LLC purchased a new stake in Realty Income during the first quarter valued at about $26,000. FSC Wealth Advisors LLC lifted its holdings in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 455 shares during the last quarter. Hilltop National Bank purchased a new stake in Realty Income during the second quarter valued at about $36,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 303 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Realty Income 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 transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Stock Up 1.1%

O stock opened at $59.97 on Monday. 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 company’s 50 day moving average is $59.16 and its 200 day moving average is $57.56. The stock has a market cap of $54.83 billion, a price-to-earnings ratio of 58.22, a price-to-earnings-growth ratio of 4.58 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.

Realty Income (NYSE:O) last posted its quarterly earnings data 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%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. Sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income’s dividend payout ratio is 313.59%.

Wall Street Analysts Forecast Growth

Several research firms have commented on O. Mizuho upped their price objective 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. Evercore ISI assumed coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Barclays upped their price target on 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 assumed coverage on Realty Income in a research report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target on the stock. Finally, Scotiabank upped 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. 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, Realty Income currently has an average rating of “Hold” and an average 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.