Nations Financial Group Inc. IA ADV Buys 9,416 Shares of Realty Income Co. (NYSE:O)

Nations Financial Group Inc. IA ADV lifted its stake in Realty Income Co. (NYSE:O) by 48.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,922 shares of the real estate investment trust’s stock after acquiring an additional 9,416 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Realty Income were worth $1,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in O. Vanguard Group Inc. increased its position in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares during the period. Legal & General Group Plc increased its position in Realty Income by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after buying an additional 531,008 shares during the period. Dimensional Fund Advisors LP increased its position in Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after buying an additional 413,865 shares during the period. APG Asset Management US Inc. increased its position in Realty Income by 3.1% in the 2nd quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock worth $454,502,000 after buying an additional 265,000 shares during the period. Finally, Centersquare Investment Management LLC increased its position in Realty Income by 14.9% in the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock worth $365,379,000 after buying an additional 885,852 shares during the period. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was 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. 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 Trading Up 0.3 %

O stock opened at $57.67 on Tuesday. The company has a market cap of $50.47 billion, a P/E ratio of 54.92, a PEG ratio of 4.00 and a beta of 0.99. Realty Income Co. has a twelve month low of $49.52 and a twelve month high of $64.88. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $61.87 and a 200-day moving average of $57.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 EPS. As a group, equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.2635 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s dividend payout ratio is 300.96%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company restated 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. Robert W. Baird boosted their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Scotiabank boosted their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Wedbush assumed coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. Finally, Royal Bank of Canada lowered their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.85.

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.