Griffin Asset Management Inc. Has $1.70 Million Stock Holdings in Realty Income Co. (NYSE:O)

Griffin Asset Management Inc. boosted its position in shares of Realty Income Co. (NYSE:O) by 16.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 26,857 shares of the real estate investment trust’s stock after purchasing an additional 3,723 shares during the quarter. Griffin Asset Management Inc.’s holdings in Realty Income were worth $1,703,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacifica Partners Inc. lifted its stake in shares of Realty Income by 444.4% in the 2nd 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 during the period. Northwest Investment Counselors LLC acquired a new position in shares of Realty Income in the 1st quarter valued at $27,000. Bell Investment Advisors Inc lifted its stake in shares of Realty Income by 69.6% in the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 217 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter valued at $33,000. Finally, Riverview Trust Co acquired a new position in shares of Realty Income in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 1,712 shares of the 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 transaction, 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 filing with the SEC, which is available at the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $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.

Analysts Set New Price Targets

O has been the topic of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Royal Bank of Canada increased their price target on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Stifel Nicolaus upped their price objective 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, Robert W. Baird upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $63.63.

Realty Income Price Performance

O stock opened at $63.37 on Wednesday. The stock has a 50-day moving average price of $61.79 and a two-hundred day moving average price of $56.87. The stock has a market cap of $55.18 billion, a PE ratio of 58.68, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.74.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. Equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

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.