West Family Investments Inc. Has $303,000 Holdings in Realty Income Co. (NYSE:O)

West Family Investments Inc. lifted its stake in Realty Income Co. (NYSE:O) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,783 shares of the real estate investment trust’s stock after buying an additional 321 shares during the period. West Family Investments Inc.’s holdings in Realty Income were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. ZWJ Investment Counsel Inc. grew its position in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after acquiring an additional 164 shares during the last quarter. Whittier Trust Co. grew its position 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 acquiring an additional 166 shares during the last quarter. Greenleaf Trust grew its position 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 acquiring an additional 170 shares during the last quarter. Grove Bank & Trust grew its position 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 acquiring an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC grew its position 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 acquiring an additional 176 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on O shares. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased 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. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $64.00 to $60.00 in a research report on Thursday, November 14th. Stifel Nicolaus decreased their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Wedbush started coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.85.

Realty Income Stock Performance

Shares of Realty Income stock opened at $57.18 on Wednesday. The company has a market capitalization of $50.04 billion, a PE ratio of 54.46, a PEG ratio of 3.98 and a beta of 0.99. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $61.08 and its 200 day simple moving average is $58.06.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 EPS. On average, research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a yield of 5.53%. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated 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 $1,663,313.82. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 48.75 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Realty Income 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.