Realty Income Co. (NYSE:O) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC lifted its stake in Realty Income Co. (NYSE:O) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,192 shares of the real estate investment trust’s stock after purchasing an additional 235 shares during the quarter. Avestar Capital LLC’s holdings in Realty Income were worth $329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pacifica Partners Inc. increased its stake 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 during the last quarter. Rosenberg Matthew Hamilton increased its stake in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares during the last quarter. Creative Capital Management Investments LLC increased its stake in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in Realty Income during the second quarter worth $33,000. Finally, Headlands Technologies LLC acquired a new stake in Realty Income during the second quarter worth $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Scotiabank raised their price target 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. UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Robert W. Baird lifted their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.85.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s 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 transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 1.0 %

Shares of NYSE O opened at $58.32 on Thursday. The company has a market capitalization of $51.04 billion, a price-to-earnings ratio of 55.54, a price-to-earnings-growth ratio of 4.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50-day moving average of $60.48 and a two-hundred day moving average of $58.15. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

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

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.42%. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.96%.

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.