Realty Income Co. (NYSE:O) Stock Position Raised by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 67.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,654 shares of the real estate investment trust's stock after acquiring an additional 57,694 shares during the quarter. Realty Income comprises approximately 0.9% of Soltis Investment Advisors LLC's holdings, making the stock its 21st biggest holding. Soltis Investment Advisors LLC's holdings in Realty Income were worth $9,111,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in O. Lantz Financial LLC purchased a new stake in shares of Realty Income during the second quarter valued at approximately $234,000. Wedmont Private Capital acquired a new position in Realty Income in the 2nd quarter worth $218,000. Wealth Enhancement Advisory Services LLC boosted its position in Realty Income by 7.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 138,986 shares of the real estate investment trust's stock valued at $7,341,000 after buying an additional 9,890 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Realty Income by 19.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,419 shares of the real estate investment trust's stock valued at $3,667,000 after acquiring an additional 11,539 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its position in shares of Realty Income by 12.6% during the second quarter. Atticus Wealth Management LLC now owns 4,525 shares of the real estate investment trust's stock worth $239,000 after acquiring an additional 508 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Realty Income stock traded down $0.45 during trading hours on Wednesday, hitting $55.33. 6,621,890 shares of the company traded hands, compared to its average volume of 5,580,119. The firm's 50-day simple moving average is $59.45 and its two-hundred day simple moving average is $58.32. The firm has a market cap of $48.43 billion, a P/E ratio of 52.65, a P/E/G ratio of 3.95 and a beta of 0.98. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. As a group, analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Realty Income's previous jan 25 dividend of $0.26. Realty Income's dividend payout ratio is 300.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on O. Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They set a "neutral" rating and a $64.00 price target for the company. Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Royal Bank of Canada cut their target price on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday. They issued a "hold" rating and a $62.00 price target for the company. Finally, Mizuho downgraded Realty Income from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $63.54.

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.