Realty Income Co. (NYSE:O) Stock Position Boosted by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lifted its holdings in Realty Income Co. (NYSE:O - Free Report) by 48.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,922 shares of the real estate investment trust's stock after purchasing an additional 9,416 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Realty Income were worth $1,834,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock valued at $7,290,982,000 after acquiring an additional 20,848,560 shares during the period. Raymond James & Associates lifted its position in Realty Income by 92.4% during the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after acquiring an additional 3,112,560 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Realty Income by 63.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust's stock valued at $137,886,000 after acquiring an additional 1,010,876 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Realty Income by 14.9% during the first quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust's stock worth $365,379,000 after buying an additional 885,852 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Realty Income by 410.7% during the first quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust's stock valued at $51,467,000 after acquiring an additional 765,048 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on O. Scotiabank raised their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Wells Fargo & Company restated an "equal weight" rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Royal Bank of Canada reduced 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. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Finally, Wedbush assumed coverage on shares of Realty Income in a research report on Monday, August 19th. They set a "neutral" rating and a $64.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.85.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related 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 owns 26,579 shares of the company's stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Realty Income Price Performance

Realty Income stock traded down $0.62 during mid-day trading on Tuesday, reaching $57.03. 3,671,190 shares of the company were exchanged, compared to its average volume of 5,689,494. The company has a fifty day simple moving average of $61.78 and a 200-day simple moving average of $57.96. Realty Income Co. has a 12 month low of $49.52 and a 12 month high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.39. The firm has a market cap of $49.91 billion, a PE ratio of 54.68, a PEG ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. As a group, equities research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a $0.2635 dividend. This is a positive change 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 5.54%. The ex-dividend date is Monday, December 2nd. Realty Income's dividend payout ratio (DPR) is presently 300.96%.

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.