ETF Store Inc. Has $246,000 Stock Holdings in Realty Income Co. (NYSE:O)

ETF Store Inc. grew its holdings in Realty Income Co. (NYSE:O) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,650 shares of the real estate investment trust’s stock after buying an additional 677 shares during the quarter. ETF Store Inc.’s holdings in Realty Income were worth $246,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. American National Bank bought a new stake in shares of Realty Income in the 4th quarter worth about $25,000. Vima LLC bought a new stake in shares of Realty Income in the 4th quarter worth about $25,000. Pacifica Partners Inc. grew its holdings in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Realty Income in the 1st quarter worth about $27,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of 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 worth $29,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on O. Royal Bank of Canada increased their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday. Stifel Nicolaus increased their price objective 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. Finally, Wells Fargo & Company increased their price objective on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.38.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.0 %

O stock opened at $62.36 on Friday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.39. 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 business has a 50-day simple moving average of $58.28 and a 200 day simple moving average of $54.91. The company has a market cap of $54.30 billion, a PE ratio of 57.71, a price-to-earnings-growth ratio of 4.62 and a beta of 0.96.

Realty Income (NYSE:O) last released 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 net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue was up 31.4% on a year-over-year basis. Sell-side analysts anticipate that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.263 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio is presently 291.67%.

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.