Investment Advisory Group LLC Raises Holdings in Realty Income Co. (NYSE:O)

Investment Advisory Group LLC raised its holdings in Realty Income Co. (NYSE:O) by 1.1% during the third quarter, Holdings Channel.com reports. The firm owned 24,725 shares of the real estate investment trust’s stock after purchasing an additional 276 shares during the period. Investment Advisory Group LLC’s holdings in Realty Income were worth $1,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. Wesbanco Bank Inc. acquired a new stake in shares of Realty Income in the third quarter valued at $223,000. CX Institutional purchased a new position in Realty Income during the 3rd quarter valued at about $218,000. Grove Bank & Trust grew its position in Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 176 shares in the last quarter. Novare Capital Management LLC increased its stake in Realty Income by 1.0% during the third quarter. Novare Capital Management LLC now owns 150,841 shares of the real estate investment trust’s stock worth $9,566,000 after purchasing an additional 1,449 shares during the period. Finally, Empirical Asset Management LLC acquired a new stake in shares of Realty Income during the third quarter worth about $640,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 2.0 %

O stock traded up $1.26 during midday trading on Tuesday, reaching $63.37. 3,861,120 shares of the company were exchanged, compared to its average volume of 5,747,659. The company has a market cap of $55.18 billion, a price-to-earnings ratio of 58.68, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $63.74. The stock’s 50-day simple moving average is $61.73 and its 200 day simple moving average is $56.81.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. Realty Income’s revenue was up 31.4% compared to the same quarter last year. On average, equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given 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 (DPR) is presently 292.59%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on O shares. Wedbush began coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a report 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. Finally, Stifel Nicolaus boosted their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.63.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s 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 $1,663,313.82. This trade represents a 0.00 % 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.