Realty Income Co. (NYSE:O) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC cut its stake in Realty Income Co. (NYSE:O - Free Report) by 15.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,499 shares of the real estate investment trust's stock after selling 17,872 shares during the period. Mizuho Markets Americas LLC's holdings in Realty Income were worth $6,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of O. ZWJ Investment Counsel Inc. lifted its holdings in shares of Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock valued at $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock valued at $245,000 after purchasing an additional 166 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock valued at $1,072,000 after purchasing an additional 170 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its holdings in shares of Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock valued at $599,000 after purchasing an additional 176 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the firm'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 transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company's stock, valued at approximately $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. Insiders own 0.10% of the company's stock.

Realty Income Trading Up 0.8 %

Realty Income stock traded up $0.47 during midday trading on Friday, reaching $56.54. The stock had a trading volume of 7,984,876 shares, compared to its average volume of 5,688,726. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a market cap of $49.48 billion, a price-to-earnings ratio of 53.84, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. The company has a fifty day moving average of $61.31 and a 200 day moving average of $57.98.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. On average, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.59%. Realty Income's dividend payout ratio (DPR) is currently 300.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on O shares. Stifel Nicolaus cut their target price on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Wedbush began coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a "neutral" rating and a $64.00 target price for the company. 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. Royal Bank of Canada dropped their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Realty Income presently has an average rating of "Hold" and an average target price of $63.85.

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.