Rockefeller Capital Management L.P. Raises Stock Holdings in Realty Income Co. (NYSE:O)

Rockefeller Capital Management L.P. lifted its holdings in Realty Income Co. (NYSE:O - Free Report) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590,235 shares of the real estate investment trust's stock after purchasing an additional 20,981 shares during the quarter. Rockefeller Capital Management L.P. owned 0.07% of Realty Income worth $37,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Pacifica Partners Inc. raised its stake in shares of Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. Creative Capital Management Investments LLC increased its position in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in Realty Income during the second quarter valued at $33,000. Finally, Headlands Technologies LLC purchased a new stake in Realty Income during the second quarter valued at $42,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Shares of NYSE O traded down $0.43 during mid-day trading on Friday, reaching $57.89. The company's stock had a trading volume of 3,486,234 shares, compared to its average volume of 5,615,461. The stock has a fifty day moving average of $60.36 and a two-hundred day moving average of $58.17. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm has a market capitalization of $50.67 billion, a PE ratio of 55.13, a P/E/G ratio of 4.10 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 announced 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $1.02 earnings per share. Realty Income's quarterly revenue was up 28.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. 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 yield of 5.46%. Realty Income's dividend payout ratio is presently 300.95%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm'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 directly owns 26,579 shares of the company's stock, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They issued a "neutral" rating and a $64.00 price target for the company. Wells Fargo & Company restated an "equal weight" rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Mizuho cut Realty Income from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Realty Income has a consensus rating of "Hold" and a consensus price target of $63.85.

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.