Realty Income Co. (NYSE:O) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its stake in shares of Realty Income Co. (NYSE:O) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,912 shares of the real estate investment trust’s stock after acquiring an additional 938 shares during the period. Summit Trail Advisors LLC’s holdings in Realty Income were worth $438,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. grew its holdings in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after acquiring an additional 164 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 166 shares during the last quarter. Greenleaf Trust lifted its position in shares of Realty Income by 1.0% in the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after buying an additional 170 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its position in shares of Realty Income by 1.9% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 176 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on O. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Robert W. Baird raised 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. UBS Group reduced their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.85.

Realty Income Stock Up 0.5 %

O stock opened at $57.74 on Wednesday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a market capitalization of $50.53 billion, a price-to-earnings ratio of 54.99, a price-to-earnings-growth ratio of 4.04 and a beta of 0.99. The firm’s 50-day moving average is $60.56 and its two-hundred day moving average is $58.15. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last released its quarterly earnings results 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.48%. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s payout ratio is 300.95%.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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.