Code Waechter LLC Sells 6,519 Shares of Realty Income Corporation $O

Code Waechter LLC reduced its position in shares of Realty Income Corporation (NYSE:O) by 42.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,820 shares of the real estate investment trust’s stock after selling 6,519 shares during the period. Code Waechter LLC’s holdings in Realty Income were worth $508,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Realty Income during the 2nd quarter worth $25,000. Keystone Global Partners LLC bought a new stake in shares of Realty Income during the 1st quarter worth $26,000. Avion Wealth boosted its holdings in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares during the period. Hilltop National Bank bought a new stake in shares of Realty Income during the 2nd quarter worth $36,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 303 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays upped their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Mizuho upped their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Evercore ISI assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Cantor Fitzgerald assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.58.

Insiders Place Their Bets

In related 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 value of $664,730.00. Following the sale, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Performance

NYSE O opened at $58.15 on Tuesday. The stock has a market cap of $53.17 billion, a P/E ratio of 56.46, a PEG ratio of 4.46 and a beta of 0.78. The company’s 50-day simple moving average is $59.37 and its 200 day simple moving average is $57.92. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income’s payout ratio is presently 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.