Inspire Trust Co. N.A. Raises Stake in Realty Income Co. (NYSE:O)

Inspire Trust Co. N.A. lifted its stake in shares of Realty Income Co. (NYSE:O) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,225 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Realty Income were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of O. Rosenberg Matthew Hamilton lifted its holdings in Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in Realty Income in the second quarter valued at $33,000. Creative Capital Management Investments LLC lifted its stake 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 purchasing an additional 300 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Realty Income during the 2nd quarter worth $42,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Realty Income during the 2nd quarter worth about $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $55.14 on Friday. The business has a 50-day simple moving average of $59.16 and a 200-day simple moving average of $58.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a market cap of $48.26 billion, a PE ratio of 52.51, a P/E/G ratio of 3.89 and a beta of 0.98.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The firm 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 company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. On average, equities research analysts forecast that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. This represents a yield of 5.7%. This is an increase 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 payout ratio is 300.96%.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent analyst reports. Wedbush began coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank lifted their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Royal Bank of Canada decreased their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $63.54.

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.