Darwin Wealth Management LLC Buys New Position in Realty Income Co. (NYSE:O)

Darwin Wealth Management LLC bought a new position in shares of Realty Income Co. (NYSE:O) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,019 shares of the real estate investment trust’s stock, valued at approximately $65,000.

Several other institutional investors have also bought and sold shares of O. First Horizon Advisors Inc. lifted its holdings in shares of Realty Income by 313.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 718 shares during the last quarter. Strategy Asset Managers LLC lifted its holdings in shares of Realty Income by 22.6% in the 3rd quarter. Strategy Asset Managers LLC now owns 5,489 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 1,012 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Realty Income in the 3rd quarter worth about $843,000. Prospera Private Wealth LLC increased its stake in Realty Income by 2.3% in the 3rd quarter. Prospera Private Wealth LLC now owns 15,455 shares of the real estate investment trust’s stock worth $980,000 after buying an additional 342 shares during the period. Finally, New Millennium Group LLC increased its stake in Realty Income by 69.2% in the 3rd quarter. New Millennium Group LLC now owns 2,627 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,074 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of several recent analyst reports. Scotiabank raised their price target 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. Wedbush initiated coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Royal Bank of Canada cut their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $63.85.

Realty Income Stock Down 0.5 %

O stock opened at $56.88 on Thursday. The firm has a 50 day moving average of $60.97 and a 200 day moving average of $58.06. The stock has a market capitalization of $49.78 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 4.02 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

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). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $1.02 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a yield of 5.56%. This is a boost from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s payout ratio is presently 300.96%.

Insider Buying and Selling at Realty Income

In related 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 transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were 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 owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 48.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About Realty Income

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.