BluePath Capital Management LLC Invests $655,000 in Realty Income Co. (NYSE:O)

BluePath Capital Management LLC bought a new stake in shares of Realty Income Co. (NYSE:O - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,322 shares of the real estate investment trust's stock, valued at approximately $655,000.

Several other large investors have also recently made changes to their positions in the business. Code Waechter LLC purchased a new stake in Realty Income during the 3rd quarter valued at about $1,308,000. Texas Permanent School Fund Corp raised its holdings in Realty Income by 15.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust's stock worth $9,301,000 after acquiring an additional 22,440 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Realty Income by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust's stock valued at $61,208,000 after acquiring an additional 171,166 shares in the last quarter. Raymond James & Associates boosted its stake in Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after purchasing an additional 3,112,560 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Realty Income in the 1st quarter worth $3,017,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of 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 company a "sector perform" rating in a report on Tuesday, September 17th. Wells Fargo & Company reiterated an "equal weight" rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Stifel Nicolaus raised their price target on Realty Income from $67.50 to $70.25 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They issued a "neutral" rating and a $64.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.94.

Realty Income Price Performance

Realty Income stock traded down $0.23 during mid-day trading on Friday, hitting $58.88. The stock had a trading volume of 4,615,704 shares, compared to its average volume of 4,206,643. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm's 50 day moving average is $62.28 and its 200 day moving average is $57.72. The firm has a market capitalization of $51.28 billion, a P/E ratio of 54.52, a P/E/G ratio of 4.13 and a beta of 0.99. Realty Income Co. has a one year low of $48.67 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted $1.00 EPS. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.2635 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income's dividend payout ratio is currently 292.59%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the business's 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 sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 26,579 shares of the company's stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company's stock, valued at $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate 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.