Global X Japan Co. Ltd. Trims Holdings in Realty Income Co. (NYSE:O)

Global X Japan Co. Ltd. decreased its stake in shares of Realty Income Co. (NYSE:O) by 10.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,968 shares of the real estate investment trust’s stock after selling 1,028 shares during the period. Global X Japan Co. Ltd.’s holdings in Realty Income were worth $569,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in O. Pacifica Partners Inc. grew its stake in shares of Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Realty Income in the 1st quarter worth approximately $27,000. Bell Investment Advisors Inc grew its position in shares of Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 217 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in Realty Income in the second quarter valued at $33,000. Finally, Riverview Trust Co purchased a new position in Realty Income during the 1st quarter valued at $34,000. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated 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 directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Realty Income Price Performance

NYSE O opened at $63.69 on Wednesday. The stock has a market capitalization of $55.47 billion, a price-to-earnings ratio of 58.97, a PEG ratio of 4.50 and a beta of 0.99. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The business’s fifty day moving average price is $62.17 and its 200-day moving average price is $57.27.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The firm’s revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. On average, equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s payout ratio is 292.59%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on O. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Royal Bank of Canada upped their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. UBS Group lifted their target price on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, 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. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.94.

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.