Stephens Inc. AR Sells 284 Shares of Realty Income Co. (NYSE:O)

Stephens Inc. AR trimmed its position in shares of Realty Income Co. (NYSE:O) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,004 shares of the real estate investment trust’s stock after selling 284 shares during the period. Stephens Inc. AR’s holdings in Realty Income were worth $825,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in O. Norden Group LLC bought a new stake in shares of Realty Income during the first quarter worth $356,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Realty Income by 27.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,159 shares of the real estate investment trust’s stock valued at $10,280,000 after buying an additional 38,938 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Realty Income by 12.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 114,589 shares of the real estate investment trust’s stock valued at $6,199,000 after buying an additional 12,343 shares during the period. Central Pacific Bank Trust Division bought a new position in Realty Income in the 1st quarter worth about $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Realty Income by 3.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,699 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 337 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated 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 sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the business’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 completion of the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. 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 company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on O. Royal Bank of Canada increased their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised 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. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.92.

Realty Income Trading Down 0.8 %

Shares of NYSE:O opened at $58.83 on Wednesday. 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 firm has a market capitalization of $51.23 billion, a P/E ratio of 54.47, a P/E/G ratio of 4.09 and a beta of 0.99. The business’s 50-day moving average is $62.16 and its 200 day moving average is $57.86. Realty Income Co. has a 1 year low of $49.52 and a 1 year high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. On average, research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s 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.