Realty Income Co. (NYSE:O) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC trimmed its stake in Realty Income Co. (NYSE:O) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,625 shares of the real estate investment trust’s stock after selling 632 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Realty Income were worth $1,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Realty Income by 86.2% during the 4th quarter. International Assets Investment Management LLC now owns 10,844 shares of the real estate investment trust’s stock worth $623,000 after acquiring an additional 5,020 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Realty Income in the fourth quarter valued at $2,515,000. SVB Wealth LLC lifted its holdings in shares of Realty Income by 53.8% during the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 2,677 shares during the period. Wealth Alliance raised its holdings in shares of Realty Income by 25.6% in the 4th quarter. Wealth Alliance now owns 21,953 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 4,476 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. boosted its stake in shares of Realty Income by 47.3% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 6,440 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 2,067 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on O shares. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Mizuho raised their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Stifel Nicolaus boosted their price target on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a report on Tuesday, August 6th. UBS Group raised their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, KeyCorp initiated coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.57.

Realty Income Stock Up 0.6 %

Shares of NYSE O traded up $0.34 during mid-day trading on Friday, hitting $60.05. 6,572,943 shares of the stock traded hands, compared to its average volume of 6,129,482. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a fifty day moving average price of $55.85 and a 200-day moving average price of $54.09. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $61.60. The company has a market cap of $52.29 billion, a price-to-earnings ratio of 55.58, a PEG ratio of 5.05 and a beta of 0.96.

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

Realty Income Announces Dividend

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

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.