Atlanta Consulting Group Advisors LLC Acquires Shares of 14,122 Realty Income Co. (NYSE:O)

Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income Co. (NYSE:O - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,122 shares of the real estate investment trust's stock, valued at approximately $896,000.

A number of other hedge funds have also recently modified their holdings of O. RIA Advisory Group LLC acquired a new stake in shares of Realty Income in the third quarter valued at $316,000. Natixis Advisors LLC grew its position in Realty Income by 6.5% in the 3rd quarter. Natixis Advisors LLC now owns 302,343 shares of the real estate investment trust's stock valued at $19,175,000 after acquiring an additional 18,409 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Realty Income during the third quarter worth about $175,000. KCM Investment Advisors LLC boosted its stake in shares of Realty Income by 0.5% in the third quarter. KCM Investment Advisors LLC now owns 217,169 shares of the real estate investment trust's stock valued at $13,773,000 after purchasing an additional 1,044 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Realty Income by 2.9% in the third quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust's stock valued at $954,000 after purchasing an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wedbush began coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a "neutral" rating and a $64.00 price target for the company. Robert W. Baird upped their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Royal Bank of Canada decreased their target price on Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group dropped their price target on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus price target of $63.85.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction 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 transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 48.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares of the company's stock, valued at $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.47 on Friday, reaching $56.54. 7,984,876 shares of the stock were exchanged, compared to its average volume of 5,203,088. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The business has a fifty day moving average price of $61.31 and a two-hundred day moving average price of $58.01. The firm has a market capitalization of $49.48 billion, a PE ratio of 53.85, a PEG ratio of 3.98 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.02 EPS. The company's revenue was up 28.1% compared to the same quarter last year. As a group, research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.59%. This is a boost from Realty Income's previous monthly dividend of $0.24. Realty Income's dividend payout ratio is currently 300.95%.

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.