Versor Investments LP Has $1.05 Million Holdings in Realty Income Co. (NYSE:O)

Versor Investments LP lessened its position in Realty Income Co. (NYSE:O - Free Report) by 75.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 16,600 shares of the real estate investment trust's stock after selling 50,006 shares during the period. Versor Investments LP's holdings in Realty Income were worth $1,053,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Code Waechter LLC purchased a new position in shares of Realty Income in the third quarter valued at $1,308,000. Principal Financial Group Inc. grew its position in shares of Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock valued at $138,937,000 after purchasing an additional 74,185 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Realty Income by 17.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust's stock valued at $61,208,000 after purchasing an additional 171,166 shares in the last quarter. Raymond James & Associates grew its position in shares of Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. Finally, abrdn plc grew its position in shares of Realty Income by 15.4% in the third quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust's stock valued at $81,079,000 after purchasing an additional 171,236 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Realty Income from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, September 3rd. Wells Fargo & Company reiterated an "equal weight" rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Finally, Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They issued a "neutral" rating and a $64.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.85.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company's stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm's 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 transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the firm'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 transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Realty Income Stock Performance

NYSE O traded down $0.62 on Tuesday, hitting $57.03. 3,671,190 shares of the company's stock were exchanged, compared to its average volume of 5,689,494. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.39. The firm's 50-day moving average price is $61.78 and its two-hundred day moving average price is $57.96. Realty Income Co. has a fifty-two week low of $49.52 and a fifty-two week high of $64.88. The firm has a market cap of $49.91 billion, a price-to-earnings ratio of 54.68, a P/E/G ratio of 4.00 and a beta of 0.99.

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 the consensus estimate of $1.05 by ($0.75). The firm 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 was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. On average, research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.2635 dividend. This is an increase from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.54%. The ex-dividend date is Monday, December 2nd. Realty Income's dividend payout ratio is currently 300.96%.

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.