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$O Realty Income: Strong Revenue Growth Attracts Large Institutions

With its strong financial performance and attractive dividend yield, Realty Income continues to be a compelling investment for income-seeking investors and other institutions.


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Key Takeaways:

  • Several large institutions significantly increased their holdings in Realty Income (NYSE: O) during the second quarter, including State Street Corp. (5.0%), Modera Wealth Management LLC (new position), V Square Quantitative Management LLC (new position), and Texas Permanent School Fund Corp. (8.0%).

  • Hedge funds and other institutional investors own 78.82% of the company's outstanding shares.

  • Realty Income reported Q3 EPS of $0.33, missing analysts' estimates by $0.67.

  • Quarterly revenue grew 24.1% year-over-year to $1.04 billion, exceeding analysts' expectations.

  • The company recently declared a December 23rd dividend of $0.256 per share, representing a 6.1% yield.

  • Analysts remain cautiously optimistic about the company's prospects, with an average price target of $61.36 and a consensus rating of "Hold."


Reasons for the increased interest in Realty Income likely include:

  • Strong revenue growth: Realty Income's quarterly revenue grew 24.1% year-over-year to $1.04 billion, exceeding analysts' expectations. This strong revenue growth suggests that the company is well-positioned to continue generating significant cash flow.

  • Stable dividend: Realty Income has a long history of paying dividends, and the company recently declared a December 23rd dividend of $0.256 per share, representing a 6.1% yield. This attractive yield is likely appealing to income-seeking investors.

  • Long-term growth potential: Analysts remain cautiously optimistic about Realty Income's future, with an average price target of $61.36 and a consensus rating of "Hold." This suggests that the company has the potential to deliver significant shareholder value over the long term.

Further Analysis:

While Realty Income missed EPS estimates for the third quarter, its revenue growth and dividend announcement are positive signs. The significant increase in institutional ownership demonstrates investor confidence in the company's long-term prospects.


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Technical Analysis:

he technical analysis of Realty Income (O) suggests that the stock is in a downward trend. The following technical indicators are all bearish:


  • Moving averages: The 50-day and 200-day moving averages are both sloping downwards, indicating that the overall trend is bearish.

  • Support level: The stock has found support at the $55.00 level, which is a previous swing high. This suggests that there is buying interest at this level, which could help to support the price of the stock.

  • Volume gap: The stock has recently filled a volume shelf gap. Candle stick on the weekly is indicating that it may drop a bit in the short-term.


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The information provided on this blog is for educational and informational purposes only and should not be construed as financial advice. It is not a substitute for professional financial advice.

Past performance is not indicative of future results. Investing involves inherent risks, and you could lose some or all of your money.

Readers should conduct their own research and due diligence before making any investment decisions. Always consult with a qualified financial professional to determine if an investment is suitable for your individual circumstances.

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