4,293 Shares in Realty Income Co. (NYSE:O) Acquired by Yoder Wealth Management Inc.

Yoder Wealth Management Inc. acquired a new stake in Realty Income Co. (NYSE:O) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,293 shares of the real estate investment trust’s stock, valued at approximately $272,000.

A number of other large investors also recently modified their holdings of the company. ZWJ Investment Counsel Inc. increased its position in shares of Realty Income by 0.6% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. boosted its stake in Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 166 shares during the period. Greenleaf Trust boosted its stake in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 170 shares during the period. Grove Bank & Trust boosted its stake in Realty Income by 14.3% during the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 176 shares during the period. Finally, Buckley Wealth Management LLC boosted its stake in Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 176 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on O shares. Stifel Nicolaus increased their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on shares of 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 increased their price target on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, UBS Group increased their price target on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.94.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were 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 approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were 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 approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O traded down $0.12 during trading hours on Thursday, reaching $64.12. The company had a trading volume of 721,331 shares, compared to its average volume of 5,656,780. The firm has a 50 day simple moving average of $62.25 and a 200-day simple moving average of $57.31. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $55.83 billion, a price-to-earnings ratio of 59.51, a PEG ratio of 4.50 and a beta of 0.99. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. Research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income’s dividend payout ratio is presently 292.59%.

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.