Powers Advisory Group LLC Boosts Stake in Realty Income Co. (NYSE:O)

Powers Advisory Group LLC lifted its holdings in shares of Realty Income Co. (NYSE:O) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,151 shares of the real estate investment trust’s stock after buying an additional 264 shares during the period. Powers Advisory Group LLC’s holdings in Realty Income were worth $536,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of O. Vanguard Group Inc. boosted its stake in shares of Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares during the last quarter. Norges Bank purchased a new position in Realty Income in the fourth quarter worth about $506,526,000. Principal Financial Group Inc. grew its stake in shares of Realty Income by 107.1% during the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after purchasing an additional 2,560,597 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Realty Income by 213.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after purchasing an additional 1,478,577 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Realty Income by 76.6% in the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after purchasing an additional 1,460,884 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Trading Up 1.0 %

Shares of Realty Income stock traded up $0.60 on Friday, reaching $61.10. The company had a trading volume of 4,239,747 shares, compared to its average volume of 6,044,447. The firm’s 50-day moving average price is $56.49 and its two-hundred day moving average price is $54.26. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $61.60. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of 56.48, a P/E/G ratio of 5.05 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be issued a $0.263 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s dividend payout ratio is currently 291.67%.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Stifel Nicolaus boosted their price objective on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Wedbush started coverage on shares of Realty Income in a research note on Monday. They set a “neutral” rating and a $64.00 target price on the stock. Robert W. Baird upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Scotiabank raised their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.73.

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.