Brown Brothers Harriman & Co. Has $1.42 Million Stock Holdings in Realty Income Co. (NYSE:O)

Brown Brothers Harriman & Co. boosted its holdings in shares of Realty Income Co. (NYSE:O) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,420 shares of the real estate investment trust’s stock after acquiring an additional 1,583 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Realty Income were worth $1,422,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of Realty Income by 34.7% in the first quarter. Lazard Asset Management LLC now owns 12,788 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 3,297 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Realty Income by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after purchasing an additional 171,166 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Realty Income by 18.5% during the first quarter. Public Employees Retirement Association of Colorado now owns 118,761 shares of the real estate investment trust’s stock worth $6,425,000 after buying an additional 18,574 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in Realty Income by 12.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 8,736 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 992 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Realty Income by 6.8% during the 1st quarter. Janus Henderson Group PLC now owns 102,180 shares of the real estate investment trust’s stock worth $5,527,000 after acquiring an additional 6,503 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company’s 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 sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This 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. 0.10% of the stock is owned by insiders.

Realty Income Stock Performance

Shares of O stock opened at $57.44 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. The firm’s 50-day simple moving average is $60.66 and its two-hundred day simple moving average is $58.13. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm has a market cap of $50.27 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 4.04 and a beta of 0.99.

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

Realty Income Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.51%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.96%.

Analysts Set New Price Targets

Several brokerages have issued reports on O. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. UBS Group dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Morgan Stanley restated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $63.85.

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.