Pathway Financial Advisers LLC Raises Holdings in Realty Income Co. (NYSE:O)

Pathway Financial Advisers LLC lifted its holdings in Realty Income Co. (NYSE:O) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,028 shares of the real estate investment trust’s stock after purchasing an additional 3,146 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Realty Income were worth $5,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its holdings in shares of Realty Income by 21.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 20,461 shares of the real estate investment trust’s stock valued at $1,298,000 after buying an additional 3,557 shares during the period. Forsta AP Fonden increased its position in Realty Income by 5.0% during the third quarter. Forsta AP Fonden now owns 195,600 shares of the real estate investment trust’s stock valued at $12,405,000 after acquiring an additional 9,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Realty Income by 32.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,386 shares of the real estate investment trust’s stock valued at $7,238,000 after acquiring an additional 28,210 shares during the period. Allworth Financial LP boosted its position in Realty Income by 19.9% in the third quarter. Allworth Financial LP now owns 171,689 shares of the real estate investment trust’s stock worth $10,888,000 after purchasing an additional 28,512 shares during the last quarter. Finally, Convergence Financial LLC grew its stake in shares of Realty Income by 63.6% during the 3rd quarter. Convergence Financial LLC now owns 16,083 shares of the real estate investment trust’s stock valued at $1,020,000 after purchasing an additional 6,250 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the 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 completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Realty Income news, 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 transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’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 in the company, valued at approximately $1,663,313.82. 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.

Realty Income Trading Down 3.2 %

O stock traded down $2.00 during trading on Friday, hitting $61.31. The company had a trading volume of 5,994,203 shares, compared to its average volume of 5,673,732. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.88. The company has a 50 day simple moving average of $62.35 and a 200-day simple moving average of $57.41. The firm has a market capitalization of $53.39 billion, a P/E ratio of 56.77, a PEG ratio of 4.43 and a beta of 0.99. 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 (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. As a group, research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Scotiabank upped their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Robert W. Baird increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.94.

Realty Income Company 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.