Everpar Advisors LLC Reduces Holdings in Realty Income Co. (NYSE:O)

Everpar Advisors LLC cut its position in Realty Income Co. (NYSE:O) by 27.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,439 shares of the real estate investment trust’s stock after selling 1,321 shares during the quarter. Everpar Advisors LLC’s holdings in Realty Income were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in O. Vima LLC acquired a new position in shares of Realty Income in the fourth quarter worth about $25,000. Pacifica Partners Inc. grew its position 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 worth $26,000 after buying an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Realty Income in the first quarter worth $27,000. Bell Investment Advisors Inc raised its holdings in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 217 shares in the last quarter. Finally, Able Wealth Management LLC bought a new position in Realty Income during the 4th quarter valued at $32,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on O. UBS Group boosted their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank lifted their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Finally, KeyCorp started coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.80.

Realty Income Stock Down 0.2 %

O opened at $61.52 on Wednesday. The stock’s 50 day moving average price is $61.41 and its 200 day moving average price is $56.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $53.57 billion, a P/E ratio of 56.96, a P/E/G ratio of 4.34 and a beta of 0.99. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.60.

Realty Income (NYSE:O) last issued its quarterly 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). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the business posted $1.00 earnings per share. As a group, research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.2635 dividend. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Realty Income 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 directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About Realty Income

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.