Realty Income Co. (NYSE:O) Stock Holdings Lessened by MAI Capital Management

MAI Capital Management lessened its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 10.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,809 shares of the real estate investment trust's stock after selling 15,046 shares during the period. MAI Capital Management's holdings in Realty Income were worth $8,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of O. Pacifica Partners Inc. increased its holdings in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 400 shares during the period. Rosenberg Matthew Hamilton increased its holdings in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 211 shares during the period. MFA Wealth Advisors LLC purchased a new position in Realty Income during the second quarter valued at approximately $33,000. Creative Capital Management Investments LLC increased its holdings in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in Realty Income in the second quarter worth $42,000. Institutional investors own 70.81% of the company's stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Realty Income Price Performance

O traded up $0.41 during midday trading on Tuesday, reaching $57.18. 3,359,931 shares of the company's stock were exchanged, compared to its average volume of 5,671,740. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $50.04 billion, a PE ratio of 54.24, a P/E/G ratio of 3.98 and a beta of 0.99. The business's 50-day moving average price is $61.19 and its 200 day moving average price is $58.05. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 5.53%. This is a boost from Realty Income's previous monthly dividend of $0.24. Realty Income's payout ratio is presently 300.96%.

Analyst Ratings Changes

O has been the topic of several analyst reports. Mizuho lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Wedbush initiated 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. Finally, Robert W. Baird upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Realty Income has a consensus rating of "Hold" and an average target price of $63.85.

Realty Income Company 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.