Sanctuary Advisors LLC Purchases 86,979 Shares of Realty Income Co. (NYSE:O)

Sanctuary Advisors LLC boosted its stake in Realty Income Co. (NYSE:O - Free Report) by 57.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,642 shares of the real estate investment trust's stock after buying an additional 86,979 shares during the period. Sanctuary Advisors LLC's holdings in Realty Income were worth $15,198,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock worth $478,556,000 after buying an additional 6,673,617 shares in the last quarter. Raymond James & Associates lifted its holdings 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 valued at $410,932,000 after acquiring an additional 3,112,560 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Realty Income by 3,150.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock valued at $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Realty Income by 102.1% in the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock worth $137,502,000 after purchasing an additional 1,107,493 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Up 0.4 %

Shares of O traded up $0.20 during midday trading on Friday, reaching $55.34. 3,899,139 shares of the stock were exchanged, compared to its average volume of 5,566,161. The company has a market cap of $48.43 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 3.89 and a beta of 0.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a 50 day simple moving average of $59.03 and a 200-day simple moving average of $58.30.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). The business 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%. Realty Income's revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. Research analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. This is a positive change from Realty Income's previous jan 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income's dividend payout ratio (DPR) is 300.96%.

Analysts Set New Price Targets

Several research analysts have issued reports on O shares. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Royal Bank of Canada cut their target price on Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. UBS Group decreased their price target on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Mizuho lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. 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 report on Tuesday, October 1st. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $63.58.

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.