Vest Financial LLC Acquires 24,884 Shares of Realty Income Corporation $O

Vest Financial LLC increased its stake in shares of Realty Income Corporation (NYSE:O) by 2.7% during the third quarter, HoldingsChannel reports. The fund owned 945,055 shares of the real estate investment trust’s stock after acquiring an additional 24,884 shares during the quarter. Vest Financial LLC’s holdings in Realty Income were worth $57,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new stake in Realty Income in the 2nd quarter valued at $25,000. Heartwood Wealth Advisors LLC acquired a new position in Realty Income in the third quarter valued at approximately $29,000. Avion Wealth increased its holdings in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Realty Income in the second quarter worth $31,000. Finally, Country Trust Bank raised its position in shares of Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O stock opened at $61.63 on Wednesday. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.94. The business’s 50 day simple moving average is $57.62 and its 200 day simple moving average is $58.17. The stock has a market capitalization of $56.69 billion, a PE ratio of 57.06, a PEG ratio of 3.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. 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 year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is presently 300.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Wells Fargo & Company lifted their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada increased their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $61.00 price target on shares of Realty Income in a research note on Thursday, December 18th. Finally, Morgan Stanley raised their price target on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $62.71.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.