EverSource Wealth Advisors LLC Acquires 1,026 Shares of Realty Income Co. (NYSE:O)

EverSource Wealth Advisors LLC lifted its holdings in shares of Realty Income Co. (NYSE:O) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,241 shares of the real estate investment trust’s stock after acquiring an additional 1,026 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Realty Income were worth $358,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new stake in Realty Income in the 4th quarter valued at $379,000. Texas Permanent School Fund Corp boosted its stake in Realty Income by 15.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after purchasing an additional 22,440 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after acquiring an additional 51,574 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Realty Income by 17.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after acquiring an additional 171,166 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of Realty Income by 5.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock valued at $18,987,000 after acquiring an additional 16,831 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Realty Income Price Performance

Shares of O opened at $62.55 on Wednesday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $63.39. The business has a 50-day simple moving average of $60.53 and a two-hundred day simple moving average of $55.85. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market cap of $54.47 billion, a PE ratio of 57.92, a PEG ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $1.00 EPS. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. Analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a oct 24 dividend, 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 yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio is presently 292.59%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Robert W. Baird upped their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Stifel Nicolaus upped their target price on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada upped their target price on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $62.59.

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.