Huntington National Bank Grows Stock Position in Realty Income Co. (NYSE:O)

Huntington National Bank increased its position in shares of Realty Income Co. (NYSE:O) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,933 shares of the real estate investment trust’s stock after purchasing an additional 6,308 shares during the quarter. Huntington National Bank’s holdings in Realty Income were worth $10,714,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Realty Income by 48.4% during the 1st quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock worth $608,000 after purchasing an additional 3,663 shares during the last quarter. Blair William & Co. IL grew its holdings in Realty Income by 15.3% in the 1st quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock valued at $947,000 after buying an additional 2,321 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Realty Income by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock worth $882,000 after acquiring an additional 2,220 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Realty Income in the 1st quarter worth $230,000. Finally, Nwam LLC raised its holdings in shares of Realty Income by 9.4% during the 1st quarter. Nwam LLC now owns 18,529 shares of the real estate investment trust’s stock worth $1,018,000 after acquiring an additional 1,587 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on O shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Morgan Stanley restated 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 lowered their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. 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 report on Thursday. Finally, Scotiabank upped their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.85.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The trade was a 48.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated 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 approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Down 1.5 %

Shares of NYSE O opened at $56.07 on Friday. The stock has a market cap of $49.07 billion, a P/E ratio of 53.40, a PEG ratio of 4.00 and a beta of 0.99. The business’s fifty day simple moving average is $61.56 and its 200-day simple moving average is $57.98. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last issued 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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $1.02 EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. As a group, equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm 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 represents a $3.16 dividend on an annualized basis and a yield of 5.64%. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s dividend 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.