Everpar Advisors LLC Boosts Stake in Realty Income Co. (NYSE:O)

Everpar Advisors LLC increased its stake in Realty Income Co. (NYSE:O) by 19.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,760 shares of the real estate investment trust’s stock after acquiring an additional 778 shares during the period. Everpar Advisors LLC’s holdings in Realty Income were worth $251,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in O. American National Bank bought a new position in shares of Realty Income in the fourth quarter worth approximately $25,000. Vima LLC purchased a new stake in Realty Income in the fourth quarter worth approximately $25,000. Pacifica Partners Inc. grew its holdings in shares of Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares during the period. WASHINGTON TRUST Co increased its position in Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Realty Income in the first quarter valued at about $27,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE O traded up $0.34 during 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 quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $61.60. The firm has a 50-day simple moving average of $55.85 and a 200-day simple moving average of $54.08. The company has a market capitalization of $52.29 billion, a P/E ratio of 55.60, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last posted its earnings results 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). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts predict that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on O. Mizuho increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating for the company. Royal Bank of Canada lifted 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. Finally, Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.57.

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.