CCM Investment Advisers LLC Has $502,000 Stake in Realty Income Co. (NYSE:O)

CCM Investment Advisers LLC trimmed its position in Realty Income Co. (NYSE:O) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,920 shares of the real estate investment trust’s stock after selling 1,490 shares during the period. CCM Investment Advisers LLC’s holdings in Realty Income were worth $502,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vima LLC bought a new stake in shares of Realty Income in the fourth quarter valued at about $25,000. Pacifica Partners Inc. raised its holdings in 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 acquiring an additional 400 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Realty Income during the first quarter valued at approximately $27,000. Bell Investment Advisors Inc boosted its position 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 valued at $29,000 after purchasing an additional 217 shares during the last quarter. Finally, Able Wealth Management LLC acquired a new position in Realty Income during the fourth quarter valued at approximately $32,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of NYSE O opened at $61.47 on Friday. The firm has a market cap of $53.53 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $63.60. The business’s 50 day moving average is $61.63 and its 200-day moving average is $56.64.

Realty Income (NYSE:O) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $1.00 EPS. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. Equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.2635 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’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 sale, the director now 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 SEC, which can be accessed through the SEC website. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’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 sale, the director now 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 SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction 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 directly owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on O. Scotiabank increased their price target on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Stifel Nicolaus increased their price target on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. UBS Group increased their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Robert W. Baird raised their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.63.

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.