Realty Income Co. (NYSE:O) Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its stake in Realty Income Co. (NYSE:O) by 88.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,374 shares of the real estate investment trust’s stock after buying an additional 9,090 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Realty Income were worth $1,229,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of O. Vima LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at $25,000. 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 purchasing an additional 400 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Realty Income during the first quarter worth about $27,000. Bell Investment Advisors Inc boosted its stake in shares of Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 217 shares during the period. Finally, Able Wealth Management LLC acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.6 %

NYSE:O opened at $61.47 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $63.60. The stock’s 50 day moving average price is $61.56 and its 200 day moving average price is $56.60. The company has a market capitalization of $53.53 billion, a PE ratio of 56.92, a P/E/G ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last announced its 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 business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. On average, research analysts anticipate that Realty Income Co. will post 4.2 EPS 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. Investors of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio is currently 292.59%.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred 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 sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred 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 directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

O has been the subject of several recent research reports. UBS Group raised their price target on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley reissued an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Robert W. Baird upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada raised their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.63.

Realty Income Company 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.