NBC Securities Inc. Trims Position in Realty Income Co. (NYSE:O)

NBC Securities Inc. trimmed its stake in shares of Realty Income Co. (NYSE:O) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,881 shares of the real estate investment trust’s stock after selling 209 shares during the quarter. NBC Securities Inc.’s holdings in Realty Income were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of O. Pacifica Partners Inc. boosted its position in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Realty Income in the first quarter valued at approximately $27,000. Bell Investment Advisors Inc raised 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 worth $29,000 after purchasing an additional 217 shares during the period. MFA Wealth Advisors LLC purchased a new position in shares of Realty Income in the 2nd quarter worth $33,000. Finally, Riverview Trust Co acquired a new stake in Realty Income during the first quarter worth about $34,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’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 transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on O. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Royal Bank of Canada upped their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Nine 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 presently has an average rating of “Hold” and an average target price of $63.94.

Realty Income Stock Down 0.4 %

O stock opened at $63.96 on Friday. The company has a 50 day moving average of $61.95 and a two-hundred day moving average of $56.97. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.30. The company has a market cap of $55.69 billion, a price-to-earnings ratio of 59.22, a PEG ratio of 4.30 and a beta of 0.99.

Realty Income (NYSE:O) last issued its quarterly earnings data 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 net margin of 17.89% and a return on equity of 2.36%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue was up 31.4% on a year-over-year basis. On average, equities analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company 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. The ex-dividend date is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s dividend payout ratio is 292.59%.

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.