Realty Income Corporation $O Shares Bought by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of Realty Income Corporation (NYSE:O) by 20.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,999 shares of the real estate investment trust’s stock after buying an additional 13,825 shares during the quarter. Assetmark Inc.’s holdings in Realty Income were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. HBK Sorce Advisory LLC lifted its holdings in shares of Realty Income by 11.1% in the second quarter. HBK Sorce Advisory LLC now owns 15,383 shares of the real estate investment trust’s stock valued at $886,000 after purchasing an additional 1,534 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Realty Income by 113.2% in the second quarter. Hantz Financial Services Inc. now owns 904 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 480 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Realty Income by 0.6% in the second quarter. World Investment Advisors now owns 130,743 shares of the real estate investment trust’s stock valued at $7,532,000 after purchasing an additional 764 shares in the last quarter. Daymark Wealth Partners LLC purchased a new stake in shares of Realty Income in the second quarter valued at about $250,000. Finally, Wealth Management Associates Inc. lifted its holdings in shares of Realty Income by 4.3% in the second quarter. Wealth Management Associates Inc. now owns 4,890 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s 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 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $58.15 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $53.17 billion, a price-to-earnings 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 1 year low of $50.71 and a 1 year high of $61.08.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. During the same quarter in the prior year, the business earned $1.05 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.6%. Realty Income’s dividend payout ratio is 313.59%.

Wall Street Analyst Weigh In

O has been the topic of several recent research reports. UBS Group upped their price target 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. 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 target on the stock. 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 target on the stock. Scotiabank upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.58.

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.