WealthPLAN Partners LLC Sells 4,784 Shares of Realty Income Co. (NYSE:O)

WealthPLAN Partners LLC lowered its stake in Realty Income Co. (NYSE:O) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,157 shares of the real estate investment trust’s stock after selling 4,784 shares during the period. WealthPLAN Partners LLC’s holdings in Realty Income were worth $5,396,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in Realty Income during the fourth quarter worth $506,526,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Realty Income during the 4th quarter valued at $1,120,000. PNC Financial Services Group Inc. grew its holdings in shares of Realty Income by 25.0% during 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 purchasing an additional 17,806 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in Realty Income by 1.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 59,526 shares of the real estate investment trust’s stock worth $3,418,000 after acquiring an additional 585 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Realty Income by 573.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 79,349 shares of the real estate investment trust’s stock valued at $4,556,000 after buying an additional 67,575 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction 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 $1,663,313.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Down 0.0 %

Shares of NYSE O opened at $62.68 on Tuesday. 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 company has a 50-day moving average price of $59.68 and a 200-day moving average price of $55.45. The stock has a market capitalization of $54.58 billion, a P/E ratio of 58.04, a P/E/G ratio of 4.65 and a beta of 0.99. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.39.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion for 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 3.27%. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. On average, equities research analysts forecast that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. The ex-dividend date is Tuesday, October 1st. This represents a yield of 5%. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio is 292.59%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. KeyCorp began coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Scotiabank increased their price target on Realty Income from $56.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. UBS Group upped their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $62.38.

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.