Symphony Financial Ltd. Co. Buys 251 Shares of Realty Income Co. (NYSE:O)

Symphony Financial Ltd. Co. grew its stake in shares of Realty Income Co. (NYSE:O) by 0.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 42,195 shares of the real estate investment trust’s stock after acquiring an additional 251 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Realty Income were worth $2,647,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC raised its stake in shares of Realty Income by 15.3% during the first quarter. Los Angeles Capital Management LLC now owns 4,221 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 560 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Realty Income by 10.7% during the first quarter. Park Avenue Securities LLC now owns 17,768 shares of the real estate investment trust’s stock valued at $961,000 after acquiring an additional 1,720 shares in the last quarter. &PARTNERS bought a new stake in Realty Income during the 1st quarter valued at $248,000. Northwest Investment Counselors LLC acquired a new position in shares of Realty Income during the first quarter valued at about $27,000. Finally, Gateway Investment Advisers LLC raised its holdings in shares of Realty Income by 1,029.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 285,207 shares of the real estate investment trust’s stock worth $15,430,000 after acquiring an additional 259,951 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.1 %

Realty Income stock traded down $0.08 during trading hours on Tuesday, reaching $63.71. The stock had a trading volume of 2,147,529 shares, compared to its average volume of 5,684,852. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $55.48 billion, a price-to-earnings ratio of 59.06, a PEG ratio of 4.32 and a beta of 0.99. The business’s 50 day moving average price is $62.10 and its 200-day moving average price is $57.19. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.88.

Realty Income (NYSE:O) last issued its quarterly 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 2.36% and a net margin of 17.89%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. Sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.2635 dividend. This represents a 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 Transactions at Realty Income

In other news, 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 completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated 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 owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on O. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Stifel Nicolaus raised their price objective on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.94.

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.