Realty Income Co. (NYSE:O) Stake Increased by Patron Partners LLC

Patron Partners LLC boosted its stake in shares of Realty Income Co. (NYSE:O) by 13.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,564 shares of the real estate investment trust’s stock after purchasing an additional 1,153 shares during the period. Patron Partners LLC’s holdings in Realty Income were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of Realty Income by 48.4% in the first quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 3,663 shares during the period. Meeder Advisory Services Inc. increased its holdings in shares of Realty Income by 12.0% during the first quarter. Meeder Advisory Services Inc. now owns 9,605 shares of the real estate investment trust’s stock worth $520,000 after buying an additional 1,032 shares in the last quarter. US Bancorp DE raised its position in Realty Income by 6.7% in the 1st quarter. US Bancorp DE now owns 128,117 shares of the real estate investment trust’s stock valued at $6,931,000 after purchasing an additional 8,037 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Realty Income by 13.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 329,984 shares of the real estate investment trust’s stock worth $17,852,000 after acquiring an additional 39,717 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of Realty Income by 2.8% during the first quarter. Bleakley Financial Group LLC now owns 22,644 shares of the real estate investment trust’s stock valued at $1,225,000 after acquiring an additional 613 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective on Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Wells Fargo & Company reissued 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. Scotiabank increased their price objective 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. Finally, Stifel Nicolaus dropped their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.85.

Realty Income Stock Up 0.3 %

Realty Income stock opened at $57.67 on Tuesday. The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 1-year low of $49.52 and a 1-year high of $64.88. The firm’s fifty day moving average price is $61.87 and its two-hundred day moving average price is $57.93.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.2635 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 5.48%. Realty Income’s dividend payout ratio is presently 300.96%.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % 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 company insiders.

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.