Mizuho Securities USA LLC Cuts Position in Realty Income Co. (NYSE:O)

Mizuho Securities USA LLC decreased its position in shares of Realty Income Co. (NYSE:O - Free Report) by 15.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,471 shares of the real estate investment trust's stock after selling 10,674 shares during the period. Mizuho Securities USA LLC's holdings in Realty Income were worth $3,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC grew its holdings in Realty Income by 0.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 109,263 shares of the real estate investment trust's stock worth $6,929,000 after acquiring an additional 964 shares during the last quarter. LPL Financial LLC boosted its stake in Realty Income by 3.8% in the 3rd quarter. LPL Financial LLC now owns 2,030,819 shares of the real estate investment trust's stock worth $128,795,000 after purchasing an additional 75,035 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Realty Income in the third quarter worth $339,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Realty Income by 34.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 348,801 shares of the real estate investment trust's stock valued at $21,880,000 after purchasing an additional 90,136 shares during the last quarter. Finally, Cornerstone Advisors LLC lifted its holdings in Realty Income by 43.4% in the third quarter. Cornerstone Advisors LLC now owns 26,100 shares of the real estate investment trust's stock valued at $1,655,000 after acquiring an additional 7,900 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.1 %

Shares of O stock traded up $0.06 during trading hours on Friday, hitting $57.45. The company had a trading volume of 3,276,509 shares, compared to its average volume of 5,642,424. The company's fifty day moving average is $60.76 and its 200 day moving average is $58.07. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market capitalization of $50.28 billion, a PE ratio of 54.71, a price-to-earnings-growth ratio of 4.02 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share 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 for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. Realty Income's revenue for the quarter was up 28.1% compared to the same quarter last year. Research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.2635 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.50%. Realty Income's dividend payout ratio (DPR) is 300.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on O. UBS Group lowered their target price 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, November 14th. Scotiabank upped their price objective on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Wells Fargo & Company restated an "equal weight" rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Wedbush began coverage on Realty Income in a report on Monday, August 19th. They set a "neutral" rating and a $64.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, September 3rd. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.85.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares of the company's stock, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

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.