Delta Investment Management LLC Sells 447 Shares of Realty Income Corporation $O

Delta Investment Management LLC lowered its position in Realty Income Corporation (NYSE:O) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,730 shares of the real estate investment trust’s stock after selling 447 shares during the quarter. Delta Investment Management LLC’s holdings in Realty Income were worth $445,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income during the 2nd quarter worth approximately $25,000. Keystone Global Partners LLC acquired a new position in Realty Income during the first quarter worth $26,000. Avion Wealth raised its stake in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Hilltop National Bank bought a new position in shares of Realty Income during the second quarter valued at $36,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on O. Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Cantor Fitzgerald initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price objective for the company. Evercore ISI started coverage on Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Mizuho lifted their price objective 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Saturday. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.58.

Insider Activity at Realty Income

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

Realty Income Stock Down 0.3%

NYSE O opened at $60.03 on Monday. The stock has a fifty day moving average of $59.40 and a 200-day moving average of $57.80. The stock has a market capitalization of $54.89 billion, a P/E ratio of 58.28, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $63.29. 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 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm 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 quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.07 earnings per share. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

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.