<div id="readability-page-1"><p>Raymond James Trust N.A. raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 43.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,954 shares of the real estate investment trust's stock after purchasing an additional 12,968 shares during the period. Raymond James Trust N.A.'s holdings in Realty Income were worth $2,269,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Realty Income</strong> alerts:</span></p></div><ul><li>Why These 2 Off-Price Retail Stocks Are Gaining Momentum in 2024</li></ul><p>Several other institutional investors have also recently added to or reduced their stakes in the business. WASHINGTON TRUST Co increased its stake 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 purchasing an additional 197 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Realty Income by 1.5% during the first quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust's stock valued at $726,000 after acquiring an additional 199 shares during the period. Optimum Investment Advisors boosted its holdings in shares of Realty Income by 11.1% during the second quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust's stock valued at $106,000 after acquiring an additional 200 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Realty Income by 3.4% during the second quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust's stock valued at $322,000 after acquiring an additional 200 shares during the period. Finally, First Affirmative Financial Network boosted its holdings in shares of Realty Income by 2.1% during the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust's stock valued at $532,000 after acquiring an additional 201 shares during the period. Institutional investors own 70.81% of the company's stock. </p><h2>Realty Income Trading Up 1.0 %</h2><p>NYSE O traded up $0.59 on Friday, hitting $61.09. 4,245,690 shares of the company were exchanged, compared to its average volume of 6,044,447. The company's 50 day moving average price is $56.65 and its 200-day moving average price is $54.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $53.20 billion, a P/E ratio of 56.56, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $61.60. </p><br/><ul><li>3 High Short-Interest Stocks Poised for a Rate Cut Squeeze</li></ul><p>Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. Analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year. </p><h2>Realty Income Dividend Announcement</h2><p>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 paid a $0.263 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income's dividend payout ratio (DPR) is currently 291.67%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>MarketBeat Week in Review – 8/19 - 8/23</li></ul><p>Several equities analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a &#34;neutral&#34; rating in a report on Tuesday, August 6th. KeyCorp began coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a &#34;sector weight&#34; rating for the company. Morgan Stanley reaffirmed an &#34;equal weight&#34; rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Wedbush began coverage on shares of Realty Income in a report on Monday, August 19th. They issued a &#34;neutral&#34; rating and a $64.00 price objective for the company. Finally, Stifel Nicolaus upped their price objective on shares of Realty Income from $65.00 to $67.50 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, August 6th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and a consensus target price of $61.73.</p><p><b>Read Our Latest Report on Realty Income</b></p><h2>Insiders Place Their Bets</h2><p>In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction that occurred on 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 directly owns 5,257 shares of the company's stock, valued at $319,467.89. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock. </p><h2>Realty Income Company Profile</h2> (Free Report)<p>Realty Income, The Monthly Dividend Company, is an S&amp;P 500 company and member of the S&amp;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 (&#34;REIT&#34;), 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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Realty Income</li><li>What is MarketRank™? How to Use it</li><li>CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play</li><li>Russell 2000 Index, How Investors Use it For Profitable Trading</li><li>MarketBeat Week in Review – 8/19 - 8/23</li><li>Stock Sentiment Analysis: How it Works</li><li>3 High Short-Interest Stocks Poised for a Rate Cut Squeeze</li></ul><p><strong>Want to see what other hedge funds are holding O?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:O - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU8?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU8"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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O.PR

<p>Raymond James Trust N.A. raised its stake in Realty Income Co. (NYSE: O) by 43.2% in Q2, now owning 42,954 shares valued at approximately $2,269,000. Other institutional investors also increased their stakes. Realty Income's stock rose by 1.0%. The company reported an EPS of $0.29 for Q2, below estimates, but revenue was up 31.4% year-over-year. A dividend of $0.263 will be paid on September 13th, yielding 5.2% with a high payout ratio of 291.67%.</p>

Realty Income Co. (NYSE:O) Position Increased by Raymond James Trust N.A.