Realta Investment Advisors Lowers Stake in Realty Income Co. (NYSE:O)

Realta Investment Advisors decreased its position in Realty Income Co. (NYSE:O - Free Report) by 79.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,124 shares of the real estate investment trust's stock after selling 12,196 shares during the period. Realta Investment Advisors' holdings in Realty Income were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. ZWJ Investment Counsel Inc. lifted its stake in 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 worth $1,857,000 after purchasing an additional 164 shares during the period. Whittier Trust Co. grew its stake in 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 worth $245,000 after buying an additional 166 shares during the last quarter. Greenleaf Trust increased its holdings in Realty Income by 1.0% during the 3rd 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 in the last quarter. Grove Bank & Trust raised its position in Realty Income by 14.3% in the 3rd 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 increased its stake in shares of Realty Income by 1.9% in 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 buying an additional 176 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Realty Income from $67.50 to $70.25 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. UBS Group upped their target price on shares of Realty Income from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Scotiabank upped their price target on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 17th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $63.94.

Realty Income Price Performance

NYSE:O traded down $0.23 during trading hours on Friday, hitting $58.88. The company's stock had a trading volume of 4,615,704 shares, compared to its average volume of 4,206,643. Realty Income Co. has a twelve month low of $48.67 and a twelve month high of $64.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a fifty day simple moving average of $62.28 and a 200-day simple moving average of $57.77. The company has a market capitalization of $51.28 billion, a P/E ratio of 54.52, a PEG ratio of 4.13 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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 in the previous year, the business posted $1.00 EPS. Realty Income's revenue was up 31.4% on a year-over-year basis. On average, analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Insider Activity at Realty Income

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

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.