Heitman Real Estate Securities LLC Has $24.97 Million Holdings in Realty Income Co. (NYSE:O)

Heitman Real Estate Securities LLC decreased its position in Realty Income Co. (NYSE:O) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 393,737 shares of the real estate investment trust’s stock after selling 25,966 shares during the period. Realty Income makes up 1.4% of Heitman Real Estate Securities LLC’s holdings, making the stock its 29th biggest holding. Heitman Real Estate Securities LLC’s holdings in Realty Income were worth $24,971,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Realty Income in the 3rd quarter worth about $896,000. Code Waechter LLC bought a new stake in Realty Income during the 3rd quarter worth approximately $1,308,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares in the last quarter. Swiss National Bank raised its position in Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after buying an additional 35,100 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock valued at $137,502,000 after acquiring an additional 1,107,493 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In other Realty Income 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 value of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Realty Income Stock Down 1.6 %

O stock opened at $56.68 on Tuesday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market cap of $49.61 billion, a PE ratio of 53.98, a price-to-earnings-growth ratio of 4.07 and a beta of 0.98. The firm’s 50-day simple moving average is $60.36 and its 200 day simple moving average is $58.22. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its 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 net margin of 17.57% and a return on equity of 2.35%. The business 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 earned $1.02 EPS. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.58%. Realty Income’s payout ratio is 300.96%.

Analysts Set New Price Targets

Several research firms recently commented on O. Scotiabank upped their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Morgan Stanley reissued 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 increased their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Wedbush started coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $64.00 to $60.00 in a report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target of $63.85.

Realty Income 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.