Fullcircle Wealth LLC Has $432,000 Stock Position in Realty Income Co. (NYSE:O)

Fullcircle Wealth LLC decreased its position in Realty Income Co. (NYSE:O) by 24.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,056 shares of the real estate investment trust’s stock after selling 2,303 shares during the period. Fullcircle Wealth LLC’s holdings in Realty Income were worth $432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in O. BluePath Capital Management LLC acquired a new position in Realty Income in the 3rd quarter worth $655,000. Creative Capital Management Investments LLC boosted its stake in shares of Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Realty Income by 10.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,868 shares of the real estate investment trust’s stock worth $372,000 after buying an additional 555 shares during the last quarter. Atlas Financial Advisors Inc. acquired a new position in shares of Realty Income during the 3rd quarter worth about $226,000. Finally, United Asset Strategies Inc. boosted its stake in shares of Realty Income by 4.3% during the 3rd quarter. United Asset Strategies Inc. now owns 108,328 shares of the real estate investment trust’s stock worth $6,870,000 after buying an additional 4,466 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on O. JPMorgan Chase & Co. upped their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Robert W. Baird increased their price target 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. Stifel Nicolaus raised their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, UBS Group lifted their target price 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 company. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $63.94.

Realty Income Stock Down 0.4 %

Realty Income stock traded down $0.23 during midday trading on Friday, hitting $58.88. 4,615,704 shares of the stock were exchanged, compared to its average volume of 5,672,611. Realty Income Co. has a 52-week low of $48.67 and a 52-week high of $64.88. The stock has a market capitalization of $51.28 billion, a price-to-earnings ratio of 54.52, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99. The business’s 50-day moving average price is $62.28 and its 200-day moving average price is $57.67. 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 (NYSE:O) last released its quarterly 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). The firm 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 firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. On average, research analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders 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 payout ratio is 292.59%.

Insider Buying and Selling 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 shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Realty Income news, 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 value of $107,136.96. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.