Realty Income Co. (NYSE:O) Shares Sold by Presima Securities ULC

Presima Securities ULC trimmed its holdings in Realty Income Co. (NYSE:O) by 85.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,578 shares of the real estate investment trust’s stock after selling 299,125 shares during the quarter. Realty Income accounts for about 0.7% of Presima Securities ULC’s portfolio, making the stock its 19th biggest holding. Presima Securities ULC’s holdings in Realty Income were worth $3,334,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Integrated Advisors Network LLC boosted its stake in shares of Realty Income by 7.0% during the 4th quarter. Integrated Advisors Network LLC now owns 4,827 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 315 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Realty Income during the 4th quarter worth about $39,000. SageView Advisory Group LLC purchased a new stake in Realty Income during the fourth quarter valued at about $559,000. PNC Financial Services Group Inc. boosted its holdings in shares of Realty Income by 25.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 89,018 shares of the real estate investment trust’s stock worth $5,111,000 after buying an additional 17,806 shares during the period. Finally, CWM LLC increased its position in shares of Realty Income by 5.7% in the first quarter. CWM LLC now owns 74,035 shares of the real estate investment trust’s stock worth $4,005,000 after acquiring an additional 3,985 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Robert W. Baird raised their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Wedbush assumed coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $63.94.

Realty Income Price Performance

NYSE O opened at $64.25 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $55.95 billion, a PE ratio of 59.49, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.30. The company has a 50 day moving average price of $61.87 and a two-hundred day moving average price of $56.92.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates 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 for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. As a group, equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

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.