North Star Investment Management Corp. Buys 443 Shares of Realty Income Co. (NYSE:O)

North Star Investment Management Corp. boosted its stake in shares of Realty Income Co. (NYSE:O) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,379 shares of the real estate investment trust’s stock after buying an additional 443 shares during the period. North Star Investment Management Corp.’s holdings in Realty Income were worth $3,702,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in O. Norden Group LLC bought a new stake in shares of Realty Income during the first quarter valued at approximately $356,000. Diversify Advisory Services LLC purchased a new position in shares of Realty Income in the first quarter worth $211,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Realty Income by 27.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,159 shares of the real estate investment trust’s stock valued at $10,280,000 after purchasing an additional 38,938 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Realty Income during the first quarter valued at $103,000. Finally, Mutual of America Capital Management LLC increased its holdings in Realty Income by 12.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 114,589 shares of the real estate investment trust’s stock worth $6,199,000 after buying an additional 12,343 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Stifel Nicolaus cut 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 report on Tuesday. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Royal Bank of Canada lifted their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Scotiabank increased 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. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.92.

Realty Income Trading Down 1.5 %

Shares of NYSE O traded down $0.89 during midday trading on Tuesday, hitting $58.40. The company’s stock had a trading volume of 1,703,846 shares, compared to its average volume of 5,649,513. The business’s 50 day moving average is $62.23 and its two-hundred day moving average is $57.82. The firm has a market cap of $50.86 billion, a P/E ratio of 53.91, a price-to-earnings-growth ratio of 4.09 and a beta of 0.99. Realty Income Co. has a 12-month low of $49.52 and a 12-month high of $64.88. 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 (NYSE:O) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 net margin of 17.89% and a return on equity of 2.36%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. As a group, equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

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

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’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 completion of the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.