Realty Income Co. (NYSE:O) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its stake in shares of Realty Income Co. (NYSE:O) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,815 shares of the real estate investment trust’s stock after selling 3,803 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Realty Income worth $33,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. Capital Advisors Ltd. LLC increased its holdings in shares of Realty Income by 446.4% in the third quarter. Capital Advisors Ltd. LLC now owns 989 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 808 shares during the period. TCV Trust & Wealth Management Inc. boosted its position in Realty Income by 0.5% in the third quarter. TCV Trust & Wealth Management Inc. now owns 104,649 shares of the real estate investment trust’s stock valued at $6,637,000 after buying an additional 497 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Realty Income by 5.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 513,413 shares of the real estate investment trust’s stock worth $32,042,000 after buying an additional 25,085 shares during the period. First Bank & Trust raised its position in Realty Income by 11.1% during the 3rd quarter. First Bank & Trust now owns 33,507 shares of the real estate investment trust’s stock worth $2,125,000 after buying an additional 3,345 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Realty Income by 7.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 149,273 shares of the real estate investment trust’s stock valued at $9,467,000 after acquiring an additional 10,287 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on O. JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Scotiabank boosted their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Finally, UBS Group raised their price objective on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average target price of $63.94.

Realty Income Trading Down 3.2 %

Shares of Realty Income stock opened at $61.31 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.88. The firm has a market capitalization of $53.39 billion, a PE ratio of 56.77, a P/E/G ratio of 4.43 and a beta of 0.99. The firm’s 50-day moving average price is $62.35 and its 200 day moving average price is $57.43.

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

Realty Income Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.2635 dividend. 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 (DPR) is 292.59%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’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 transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents 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.

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.