HBK Sorce Advisory LLC has a $532,000 equity position in Realty Income Co. (NYSE:O)

HBK Sorce Advisory LLC reduced its stake in Realty Income Co. (NYSE:O – Free Report) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,076 shares of the real estate investment trust’s stock after selling 200 shares during the period. HBK Sorce Advisory LLC’s holdings in Realty Income were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American National Bank bought a new stake in Realty Income in the 4th quarter valued at about $25,000. Vima LLC bought a new stake in Realty Income in the 4th quarter valued at approximately $25,000. Pacifica Partners Inc. boosted its holdings in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares during the period. Northwest Investment Counselors LLC bought a new stake in Realty Income in the first quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc boosted its holdings in Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s shares.

Real estate transactions up 0.5%

Shares of NYSE O opened at $62.71 on Friday. Realty Income Co. it has a 52-week low of $45.03 and a 52-week high of $63.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39, and a current ratio of 1.39. The firm has a 50 day moving average price of $59.49 and a two hundred day moving average price of $55.35. The stock has a market cap of $54.61 billion, a P/E ratio of 58.06, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O – Get Free Report ) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. Real Estate Income had a return on equity of 3.27% and a net margin of 17.89%. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $1.00 per share. As a group, equities analysts forecast that Realty Income Co. will record 3.93 EPS for the current year.

Real estate income increases dividends

The company also recently declared a dividend on October 24th, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.2635 dividend. This represents a 5% return. This is an increase from Realty Income’s previous dividend of $0.26 on October 24th. The ex-dividend date is Tuesday, October 1st. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

Insiders place their bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s shares.

Analyst upgrades and downgrades

A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group boosted their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Scotiabank upped their target price on shares of Realty Income from $56.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Finally, Stifel Nicolaus upped their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $62.38, based on data from MarketBeat.

Check out our latest real estate income report

Real Estate Income Company Profile

(Free Report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats Index. We invest in people and places to deliver reliable monthly dividends that grow over time. The company is structured as a real estate investment trust (“REIT”) and its monthly dividends are supported by cash flow from more than 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) held primarily for the long term. net leases with commercial customers.

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