Realty Income Co. (NYSE:O) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT trimmed its holdings in Realty Income Co. (NYSE:O) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 279,622 shares of the real estate investment trust’s stock after selling 1,986 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Realty Income were worth $14,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vima LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $25,000. Pacifica Partners Inc. grew its holdings in Realty Income by 444.4% in the second 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 Realty Income during the first quarter worth approximately $27,000. Bell Investment Advisors Inc raised its stake in Realty Income by 69.6% during the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares during the period. Finally, Able Wealth Management LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $32,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Realty Income

In related 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 value of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were 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 approximately $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Realty Income Stock Down 0.3 %

Shares of NYSE:O opened at $62.50 on Wednesday. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $63.39. The company’s fifty day moving average is $59.87 and its two-hundred day moving average is $55.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 57.87, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. Equities analysts anticipate that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. This represents a yield of 5%. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s payout ratio is presently 292.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on O shares. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Royal Bank of Canada increased their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company boosted their price objective on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.59.

About Realty Income

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.