Gulf International Bank UK Ltd Buys 937 Shares of Realty Income Co. (NYSE:O)

Gulf International Bank UK Ltd increased its stake in shares of Realty Income Co. (NYSE:O) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,603 shares of the real estate investment trust’s stock after purchasing an additional 937 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Realty Income were worth $4,287,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of O. Norden Group LLC bought a new position in Realty Income in the 1st quarter valued at $356,000. Mirae Asset Global Investments Co. Ltd. grew its position in Realty Income by 27.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,159 shares of the real estate investment trust’s stock valued at $10,280,000 after acquiring an additional 38,938 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Realty Income by 12.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 114,589 shares of the real estate investment trust’s stock valued at $6,199,000 after acquiring an additional 12,343 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Realty Income in the 1st quarter valued at $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in Realty Income by 3.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,699 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 337 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on O shares. UBS Group upped their price objective on Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush initiated coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Robert W. Baird raised their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.92.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade 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 owned by company insiders.

Realty Income Trading Down 0.8 %

Realty Income stock opened at $58.83 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 52 week low of $49.52 and a 52 week high of $64.88. The company has a market capitalization of $51.23 billion, a price-to-earnings ratio of 54.47, a price-to-earnings-growth ratio of 4.09 and a beta of 0.99. The stock has a 50-day moving average price of $62.16 and a 200 day moving average price of $57.86.

Realty Income (NYSE:O) last released its earnings results 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). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $1.02 EPS. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. Sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

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