WealthPLAN Partners LLC Reduces Position in Realty Income Co. (NYSE:O)

WealthPLAN Partners LLC lessened its stake in Realty Income Co. (NYSE:O - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,257 shares of the real estate investment trust's stock after selling 8,900 shares during the period. WealthPLAN Partners LLC's holdings in Realty Income were worth $5,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ZWJ Investment Counsel Inc. raised its position in Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock worth $1,857,000 after acquiring an additional 164 shares during the period. Whittier Trust Co. lifted its holdings in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock valued at $245,000 after purchasing an additional 166 shares in the last quarter. Greenleaf Trust raised its position in shares of Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock valued at $1,072,000 after buying an additional 170 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock worth $89,000 after buying an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC boosted its position in Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock worth $599,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the 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 completion of the sale, the director now owns 5,257 shares in the company, 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 is accessible through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was 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 approximately $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley restated an "equal weight" rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. UBS Group boosted their price target on shares of Realty Income from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, Robert W. Baird raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $63.85.

Realty Income Stock Down 0.7 %

NYSE:O traded down $0.39 during trading hours on Tuesday, hitting $57.26. The company's stock had a trading volume of 1,274,305 shares, compared to its average volume of 5,678,573. The stock has a market capitalization of $50.11 billion, a P/E ratio of 54.68, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average of $61.78 and a 200-day moving average of $57.96. Realty Income Co. has a 52-week low of $49.52 and a 52-week 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. Realty Income's revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities analysts forecast that Realty Income Co. will post 4.2 earnings per share 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 given a $0.2635 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.52%. Realty Income's payout ratio is 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.