MML Investors Services LLC Has $6.66 Million Position in Realty Income Co. (NYSE:O)

MML Investors Services LLC grew its position in Realty Income Co. (NYSE:O) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,997 shares of the real estate investment trust’s stock after acquiring an additional 1,190 shares during the quarter. MML Investors Services LLC’s holdings in Realty Income were worth $6,659,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of O. Rosenberg Matthew Hamilton raised its holdings in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares in the last quarter. Creative Capital Management Investments LLC grew its holdings in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Realty Income during the 2nd quarter worth about $33,000. Headlands Technologies LLC bought a new position in Realty Income during the 2nd quarter valued at about $42,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Realty Income in the second quarter valued at about $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on O. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Royal Bank of Canada reduced their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.54.

Realty Income Stock Down 0.3 %

Shares of NYSE O opened at $55.14 on Friday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. 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 stock has a market cap of $48.26 billion, a P/E ratio of 52.90, a P/E/G ratio of 3.95 and a beta of 0.98. The firm has a 50 day moving average price of $59.31 and a 200 day moving average price of $58.30.

Realty Income (NYSE:O) last posted its 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 business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 earnings per share. Analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is 300.95%.

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.