Raymond James Trust N.A. Purchases 22,294 Shares of Realty Income Co. (NYSE:O)

Raymond James Trust N.A. boosted its position in Realty Income Co. (NYSE:O) by 51.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,248 shares of the real estate investment trust’s stock after acquiring an additional 22,294 shares during the period. Raymond James Trust N.A.’s holdings in Realty Income were worth $4,138,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in shares of Realty Income by 22.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,623 shares of the real estate investment trust’s stock worth $1,603,000 after acquiring an additional 5,415 shares in the last quarter. Shell Asset Management Co. bought a new stake in Realty Income during the 1st quarter worth approximately $420,000. EP Wealth Advisors LLC raised its stake in shares of Realty Income by 17.6% in the first quarter. EP Wealth Advisors LLC now owns 18,574 shares of the real estate investment trust’s stock worth $1,005,000 after purchasing an additional 2,776 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Realty Income by 34.7% in the first quarter. Lazard Asset Management LLC now owns 12,788 shares of the real estate investment trust’s stock valued at $691,000 after purchasing an additional 3,297 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Realty Income by 17.8% during the first 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 during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.1 %

Realty Income stock opened at $57.45 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market cap of $50.28 billion, a P/E ratio of 54.71, a PEG ratio of 4.04 and a beta of 0.99. The firm’s fifty day moving average price is $60.76 and its 200-day moving average price is $58.07.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This is a boost from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

Insider Buying and Selling

In other 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 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 approximately $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. 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 research note on Tuesday, August 6th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus decreased their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.