American Investment Services Inc. Reduces Stock Holdings in Realty Income Co. (NYSE:O)

American Investment Services Inc. lessened its holdings in shares of Realty Income Co. (NYSE:O) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,676 shares of the real estate investment trust’s stock after selling 1,079 shares during the period. American Investment Services Inc.’s holdings in Realty Income were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Realty Income by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 804,167 shares of the real estate investment trust’s stock valued at $46,175,000 after acquiring an additional 2,365 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Realty Income by 158.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 691 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 424 shares in the last quarter. US Bancorp DE grew its position in Realty Income by 4.9% during the fourth quarter. US Bancorp DE now owns 120,080 shares of the real estate investment trust’s stock valued at $6,895,000 after buying an additional 5,571 shares during the period. SageView Advisory Group LLC purchased a new position in Realty Income in the fourth quarter valued at $559,000. Finally, TCW Group Inc. acquired a new position in shares of Realty Income in the fourth quarter worth about $776,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 1.5 %

Shares of O opened at $61.63 on Monday. The stock has a fifty day simple moving average of $60.28 and a two-hundred day simple moving average of $55.72. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $53.67 billion, a PE ratio of 57.06, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $63.39.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.00 earnings per share. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date is Tuesday, October 1st. This represents a yield of 5%. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on O. JPMorgan Chase & Co. lifted their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Stifel Nicolaus upped their target price on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company lifted their price target on shares of Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Royal Bank of Canada upped their price objective 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. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.59.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 in the company, valued at approximately $1,663,313.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.