Summit Financial Wealth Advisors LLC Has $386,000 Stake in Realty Income Co. (NYSE:O)

Summit Financial Wealth Advisors LLC cut its stake in shares of Realty Income Co. (NYSE:O) by 33.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,080 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Realty Income were worth $386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of Realty Income by 34.7% in the 1st quarter. Lazard Asset Management LLC now owns 12,788 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 3,297 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Realty Income by 17.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after acquiring an additional 171,166 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in Realty Income by 18.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 118,761 shares of the real estate investment trust’s stock worth $6,425,000 after acquiring an additional 18,574 shares during the period. Mount Yale Investment Advisors LLC raised its position in shares of Realty Income by 12.8% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 8,736 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 992 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Realty Income by 6.8% in the 1st quarter. Janus Henderson Group PLC now owns 102,180 shares of the real estate investment trust’s stock valued at $5,527,000 after purchasing an additional 6,503 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 0.0 %

O opened at $57.44 on Tuesday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company’s 50-day moving average price is $60.66 and its two-hundred day moving average price is $58.13. The stock has a market cap of $50.27 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 4.04 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company posted $1.02 earnings per share. Realty Income’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.51%. Realty Income’s dividend payout ratio is 300.96%.

Wall Street Analysts Forecast Growth

O has been the subject of several recent analyst reports. Wedbush assumed coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Scotiabank lifted their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Finally, UBS Group cut their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.85.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,663,313.82. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.