First Heartland Consultants Inc. Sells 25,817 Shares of Realty Income Co. (NYSE:O)

First Heartland Consultants Inc. trimmed its position in shares of Realty Income Co. (NYSE:O - Free Report) by 74.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,871 shares of the real estate investment trust's stock after selling 25,817 shares during the quarter. First Heartland Consultants Inc.'s holdings in Realty Income were worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in O. Pacifica Partners Inc. increased its position in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after buying an additional 400 shares during the period. Rosenberg Matthew Hamilton increased its position in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock worth $31,000 after buying an additional 211 shares during the period. MFA Wealth Advisors LLC bought a new position in Realty Income in the 2nd quarter worth approximately $33,000. Creative Capital Management Investments LLC increased its position in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock worth $33,000 after buying an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in Realty Income in the 2nd quarter worth approximately $42,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Down 0.2 %

Realty Income stock traded down $0.11 during midday trading on Wednesday, reaching $56.91. The stock had a trading volume of 3,780,815 shares, compared to its average volume of 5,680,844. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market capitalization of $49.81 billion, a P/E ratio of 54.51, a PEG ratio of 4.01 and a beta of 0.99. The company has a fifty day moving average price of $61.67 and a two-hundred day moving average price of $57.98. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business 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 business's revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. As a group, equities analysts expect that Realty Income Co. will post 4.19 EPS 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 given a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.56%. This is an increase from Realty Income's previous monthly dividend of $0.24. Realty Income's dividend payout ratio is currently 300.96%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. UBS Group upped their price target on Realty Income from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They issued a "neutral" rating and a $64.00 price target on the stock. Stifel Nicolaus reduced their price objective on Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Robert W. Baird boosted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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 value of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction dated 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 approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.