Mizuho Securities USA LLC Trims Holdings in Realty Income Co. (NYSE:O)

Mizuho Securities USA LLC lowered its holdings in Realty Income Co. (NYSE:O) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 56,471 shares of the real estate investment trust’s stock after selling 10,674 shares during the quarter. Mizuho Securities USA LLC’s holdings in Realty Income were worth $3,581,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Thompson Siegel & Walmsley LLC boosted its position in Realty Income by 0.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 109,263 shares of the real estate investment trust’s stock valued at $6,929,000 after acquiring an additional 964 shares in the last quarter. LPL Financial LLC boosted its position in shares of Realty Income by 3.8% during the third quarter. LPL Financial LLC now owns 2,030,819 shares of the real estate investment trust’s stock valued at $128,795,000 after purchasing an additional 75,035 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Realty Income in the third quarter worth $339,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Realty Income by 34.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 348,801 shares of the real estate investment trust’s stock worth $21,880,000 after purchasing an additional 90,136 shares in the last quarter. Finally, Cornerstone Advisors LLC lifted its position in Realty Income by 43.4% during the third quarter. Cornerstone Advisors LLC now owns 26,100 shares of the real estate investment trust’s stock valued at $1,655,000 after buying an additional 7,900 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income 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 transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Price Performance

Shares of Realty Income stock opened at $57.50 on Friday. The company has a market capitalization of $50.32 billion, a price-to-earnings ratio of 54.76, a PEG 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. The stock’s 50-day simple moving average is $60.87 and its 200-day simple moving average is $58.05. 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 the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $1.02 EPS. As a group, analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a dividend yield of 5.50%. 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 dividend payout ratio is currently 300.95%.

Analyst Upgrades and Downgrades

A number of analysts have commented on O shares. Robert W. Baird lifted 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. Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $64.00 to $60.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.85.

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.