Ashton Thomas Private Wealth LLC trimmed its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 33.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,253 shares of the real estate investment trust's stock after selling 9,484 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Realty Income were worth $1,221,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of O. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 20,848,560 shares during the last quarter. Raymond James & Associates lifted its stake in Realty Income by 92.4% in the 3rd 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 in the last quarter. Canada Pension Plan Investment Board lifted its stake in Realty Income by 63.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust's stock worth $137,886,000 after acquiring an additional 1,010,876 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in Realty Income by 14.9% in the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust's stock worth $365,379,000 after acquiring an additional 885,852 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Realty Income by 410.7% in the 1st quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust's stock worth $51,467,000 after acquiring an additional 765,048 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Realty Income news, 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 directly owns 5,257 shares of the company's stock, valued at approximately $319,467.89. This 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 link. In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares of the company's stock, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on 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 directly owns 5,257 shares in the company, valued at $319,467.89. This trade 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.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on O. Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Royal Bank of Canada reduced their price objective on Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Scotiabank upped their target price on Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Tuesday, September 17th. Finally, Mizuho lowered Realty Income from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $64.00 to $60.00 in a research report on Thursday. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of "Hold" and a consensus price target of $63.85.
View Our Latest Stock Report on Realty Income
Realty Income Stock Performance
O stock traded down $0.36 during trading on Thursday, reaching $56.54. 3,081,157 shares of the stock were exchanged, compared to its average volume of 5,668,807. The stock has a 50 day simple moving average of $61.56 and a 200-day simple moving average 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. The company has a market capitalization of $49.48 billion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 4.01 and a beta of 0.99. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.
Realty Income (NYSE:O - Get Free Report) last issued its 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates 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 for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.
Realty Income Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This is a boost from Realty Income's previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 5.59%. Realty Income's dividend payout ratio (DPR) is currently 300.96%.
About Realty Income
(
Free Report)
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.
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