Linden Thomas Advisory Services LLC Has $1.37 Million Stock Holdings in Realty Income Corporation $O

Linden Thomas Advisory Services LLC lifted its stake in Realty Income Corporation (NYSE:O) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,848 shares of the real estate investment trust’s stock after acquiring an additional 1,012 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Realty Income were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Moseley Investment Management Inc. increased its stake in shares of Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 175 shares during the last quarter. Castle Rock Wealth Management LLC boosted its holdings in Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 177 shares in the last quarter. Revisor Wealth Management LLC boosted its holdings in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 178 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in Realty Income by 3.5% in the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 185 shares in the last quarter. Finally, N.E.W. Advisory Services LLC boosted its holdings in Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after purchasing an additional 186 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the subject of a number of recent research reports. UBS Group upped their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Mizuho upped their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Evercore ISI initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $62.58.

Realty Income Stock Down 0.3%

O stock opened at $60.03 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $63.29. The company has a 50-day moving average of $59.40 and a two-hundred day moving average of $57.77. The stock has a market capitalization of $54.89 billion, a price-to-earnings ratio of 58.28, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78.

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 analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income’s dividend payout ratio is 313.59%.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.