Realty Income Co. (NYSE:O) Shares Bought by FLC Capital Advisors

FLC Capital Advisors raised its holdings in Realty Income Co. (NYSE:O) by 28.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,136 shares of the real estate investment trust’s stock after purchasing an additional 1,128 shares during the period. FLC Capital Advisors’ holdings in Realty Income were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in O. Grove Bank & Trust grew its stake in Realty Income by 14.3% during 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. Founders Financial Securities LLC boosted its stake in Realty Income by 0.9% during the second quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock valued at $1,120,000 after buying an additional 181 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Realty Income by 0.6% during the second quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock valued at $1,864,000 after buying an additional 199 shares in the last quarter. Optimum Investment Advisors boosted its stake in Realty Income by 11.1% during the second quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 200 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its stake in Realty Income by 3.4% during the second quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 200 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the subject of several analyst reports. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Scotiabank upped their target price on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. increased their price objective on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada increased their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.94.

Insiders Place Their Bets

In other news, 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 of the company’s stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Up 1.4 %

Shares of Realty Income stock opened at $64.25 on Thursday. The business has a fifty day simple moving average of $61.87 and a 200 day simple moving average of $56.92. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market cap of $55.95 billion, a PE ratio of 59.49, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.30.

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

Realty Income Dividend Announcement

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date 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.