5,196 Shares in Realty Income Co. (NYSE:O) Purchased by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. bought a new position in shares of Realty Income Co. (NYSE:O) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,196 shares of the real estate investment trust’s stock, valued at approximately $330,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its position in shares of Realty Income by 28.1% in the third quarter. Caprock Group LLC now owns 8,687 shares of the real estate investment trust’s stock valued at $551,000 after purchasing an additional 1,904 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Realty Income by 14.0% in the 3rd quarter. Pathstone Holdings LLC now owns 76,316 shares of the real estate investment trust’s stock worth $4,840,000 after purchasing an additional 9,358 shares during the period. Windle Wealth LLC grew its holdings in Realty Income by 1.2% during the 3rd quarter. Windle Wealth LLC now owns 116,466 shares of the real estate investment trust’s stock valued at $7,386,000 after buying an additional 1,326 shares in the last quarter. Semus Wealth Partners LLC bought a new stake in shares of Realty Income during the third quarter valued at about $208,000. Finally, Napa Wealth Management lifted its holdings in shares of Realty Income by 21.7% in the third quarter. Napa Wealth Management now owns 4,940 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 881 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 48.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on O. UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Wedbush began coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Stifel Nicolaus dropped their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada dropped their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.85.

Realty Income Stock Performance

Shares of O stock opened at $56.77 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a 50 day moving average price of $61.19 and a two-hundred day moving average price of $58.05. The company has a market capitalization of $49.69 billion, a P/E ratio of 54.07, a PEG ratio of 3.98 and a beta of 0.99.

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). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. Analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.2635 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is currently 300.96%.

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.