Larson Financial Group LLC Raises Holdings in Realty Income Co. (NYSE:O)

Larson Financial Group LLC boosted its stake in shares of Realty Income Co. (NYSE:O) by 62.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,832 shares of the real estate investment trust’s stock after buying an additional 3,407 shares during the period. Larson Financial Group LLC’s holdings in Realty Income were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacifica Partners Inc. boosted its position in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of Realty Income during the 2nd quarter worth approximately $33,000. Creative Capital Management Investments LLC lifted its position in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Realty Income in the second quarter valued at approximately $42,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $57.44 on Tuesday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.27 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 4.04 and a beta of 0.99. The business has a 50-day simple moving average of $60.66 and a 200-day simple moving average of $58.13.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The company’s revenue was up 28.1% compared to the same quarter last year. On average, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.51%. Realty Income’s dividend payout ratio is 300.96%.

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 dated 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 owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 6.05 % 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. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

O has been the subject of several analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Robert W. Baird increased their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Royal Bank of Canada dropped their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their price objective 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. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.85.

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.