Armstrong Fleming & Moore Inc Sells 1,074 Shares of Realty Income Co. (NYSE:O)

Armstrong Fleming & Moore Inc trimmed its position in Realty Income Co. (NYSE:O) by 6.2% in the third quarter, Holdings Channel reports. The fund owned 16,280 shares of the real estate investment trust’s stock after selling 1,074 shares during the quarter. Armstrong Fleming & Moore Inc’s holdings in Realty Income were worth $1,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after acquiring an additional 20,848,560 shares during the last quarter. Raymond James & Associates raised its position in Realty Income by 76.6% during the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after purchasing an additional 1,460,884 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Realty Income by 63.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock worth $137,886,000 after buying an additional 1,010,876 shares during the period. Centersquare Investment Management LLC grew its position in shares of Realty Income by 14.9% in the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock valued at $365,379,000 after buying an additional 885,852 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Realty Income by 410.7% in the first quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust’s stock valued at $51,467,000 after buying an additional 765,048 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

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

Realty Income Stock Down 0.8 %

Shares of NYSE:O traded down $0.54 during trading on Thursday, reaching $63.69. 1,158,919 shares of the stock were exchanged, compared to its average volume of 5,714,244. The stock has a fifty day moving average of $61.87 and a two-hundred day moving average of $56.92. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.30. 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 cap of $55.46 billion, a price-to-earnings ratio of 58.81, a price-to-earnings-growth 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 earnings per share (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 2.36%. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Research 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 disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.2635 dividend. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s payout ratio is 292.59%.

Wall Street Analyst Weigh In

O has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada upped their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Robert W. Baird upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.94.

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.