Realty Income Co. (NYSE:O) Stock Position Boosted by US Bancorp DE

US Bancorp DE raised its stake in shares of Realty Income Co. (NYSE:O) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,506 shares of the real estate investment trust’s stock after buying an additional 4,516 shares during the period. US Bancorp DE’s holdings in Realty Income were worth $8,974,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pacifica Partners Inc. increased its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the period. Bell Investment Advisors Inc lifted its stake in Realty Income by 69.6% during the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Realty Income in the 2nd quarter worth approximately $33,000. Headlands Technologies LLC acquired a new stake in shares of Realty Income in the second quarter worth $42,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Realty Income during the 2nd quarter valued at about $42,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Stifel Nicolaus lifted their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Scotiabank upped their target price on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada increased their target price on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Nine 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, Realty Income currently has an average rating of “Hold” and a consensus price target of $63.94.

Insider Activity at Realty Income

In other Realty Income news, 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 transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, 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. 0.10% of the stock is currently owned by company insiders.

Realty Income Stock Down 0.4 %

NYSE:O opened at $58.88 on Friday. The stock’s fifty day moving average price is $62.28 and its two-hundred day moving average price is $57.72. The company has a market cap of $51.28 billion, a price-to-earnings ratio of 54.52, a P/E/G ratio of 4.13 and a beta of 0.99. Realty Income Co. has a 52-week low of $48.67 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion during 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%. Realty Income’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. On average, analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

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