Realty Income Co. (NYSE:O) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 302,343 shares of the real estate investment trust's stock after acquiring an additional 18,409 shares during the quarter. Natixis Advisors LLC's holdings in Realty Income were worth $19,175,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Coastline Trust Co purchased a new stake in Realty Income in the 3rd quarter valued at $175,000. KCM Investment Advisors LLC boosted its position in shares of Realty Income by 0.5% during the 3rd quarter. KCM Investment Advisors LLC now owns 217,169 shares of the real estate investment trust's stock valued at $13,773,000 after acquiring an additional 1,044 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Realty Income by 2.9% in the third quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust's stock valued at $954,000 after purchasing an additional 428 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in Realty Income by 2.0% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 31,504 shares of the real estate investment trust's stock worth $1,998,000 after purchasing an additional 632 shares during the last quarter. Finally, Dearborn Partners LLC raised its stake in Realty Income by 1.6% during the third quarter. Dearborn Partners LLC now owns 95,537 shares of the real estate investment trust's stock worth $6,059,000 after purchasing an additional 1,488 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.3 %

Shares of O traded down $0.15 during midday trading on Wednesday, reaching $57.03. The stock had a trading volume of 1,081,772 shares, compared to its average volume of 5,651,363. The company has a market cap of $49.91 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 3.98 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. The company's fifty day simple moving average is $61.08 and its two-hundred day simple moving average is $58.06. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income'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 firm earned $1.02 EPS. Equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.54%. This is a boost from Realty Income's previous monthly dividend of $0.24. Realty Income's payout ratio is 300.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Wedbush assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a "neutral" rating and a $64.00 price target on the stock. Robert W. Baird increased their price objective 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. JPMorgan Chase & Co. boosted their target price on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus target price of $63.85.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the 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 completion of the sale, the director now directly owns 26,579 shares of the company's stock, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 48.75 % 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.