Wilmington Savings Fund Society FSB Invests $1.03 Million in Realty Income Co. (NYSE:O)

Wilmington Savings Fund Society FSB bought a new position in shares of Realty Income Co. (NYSE:O - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,279 shares of the real estate investment trust's stock, valued at approximately $1,032,000.

Other institutional investors have also bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its holdings in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 211 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Realty Income in the 2nd quarter valued at about $33,000. Creative Capital Management Investments LLC raised its holdings in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Realty Income in the 2nd quarter valued at about $42,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Realty Income in the 2nd quarter valued at about $42,000. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.4 %

Shares of O stock traded up $0.20 during trading on Friday, hitting $55.34. 3,899,139 shares of the stock traded hands, compared to its average volume of 5,566,161. The firm has a market capitalization of $48.43 billion, a P/E ratio of 52.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.98. 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 firm's fifty day moving average price is $59.03 and its 200-day moving average price is $58.35. Realty Income Co. has a 52-week low of $50.65 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 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. As a group, research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

O has been the topic of several recent research reports. Mizuho lowered Realty Income from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Stifel Nicolaus reduced their price target on Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Wedbush assumed 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday. They issued a "hold" rating and a $62.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $63.58.

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.