CFS Investment Advisory Services LLC Cuts Position in Realty Income Co. (NYSE:O)

CFS Investment Advisory Services LLC decreased its holdings in Realty Income Co. (NYSE:O) by 13.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,694 shares of the real estate investment trust’s stock after selling 1,318 shares during the period. CFS Investment Advisory Services LLC’s holdings in Realty Income were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pacifica Partners Inc. raised 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 purchasing an additional 400 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the period. MFA Wealth Advisors LLC purchased a new stake in shares of Realty Income during the second quarter valued at approximately $33,000. Creative Capital Management Investments LLC raised its stake in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Realty Income during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on O shares. 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 report on Tuesday, September 17th. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Robert W. Baird raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average target price of $63.85.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.1 %

O stock opened at $57.45 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm has a fifty day moving average price of $60.76 and a two-hundred day moving average price of $58.07. The firm has a market cap of $50.28 billion, a price-to-earnings ratio of 54.71, a PEG ratio of 4.04 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS. Research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.50%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio is currently 300.96%.

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.