15,079 Shares in Realty Income Co. (NYSE:O) Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new stake in shares of Realty Income Co. (NYSE:O) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,079 shares of the real estate investment trust’s stock, valued at approximately $956,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Code Waechter LLC purchased a new position in Realty Income during the 3rd quarter valued at about $1,308,000. Texas Permanent School Fund Corp grew its stake in shares of Realty Income by 15.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after buying an additional 22,440 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Realty Income by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after buying an additional 171,166 shares in the last quarter. Raymond James & Associates grew its stake in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after buying an additional 3,112,560 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Realty Income in the 1st quarter valued at approximately $3,017,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

O opened at $60.50 on Thursday. The stock has a market cap of $52.69 billion, a PE ratio of 56.02, a P/E/G ratio of 4.27 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 1 year low of $45.93 and a 1 year high of $64.88. The stock’s 50 day simple moving average is $62.34 and its 200-day simple moving average is $57.61.

Realty Income (NYSE:O) last released its quarterly earnings data 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 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 business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio is presently 292.59%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’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 sale, the director now owns 26,579 shares in the company, 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. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on O. Wedbush began coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. UBS Group boosted their target price on Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Stifel Nicolaus boosted their target price on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Robert W. Baird boosted their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Scotiabank boosted their target price on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Nine 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.com, the company currently has an average rating of “Hold” and a consensus target price of $63.94.

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.