Barclays PLC Sells 136,025 Shares of Realty Income Co. (NYSE:O)

Barclays PLC decreased its position in Realty Income Co. (NYSE:O) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,743,071 shares of the real estate investment trust’s stock after selling 136,025 shares during the period. Barclays PLC owned approximately 0.20% of Realty Income worth $110,543,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in O. Lantz Financial LLC bought a new stake in Realty Income during the 2nd quarter worth approximately $234,000. Wedmont Private Capital acquired a new stake in shares of Realty Income during the second quarter worth $218,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Realty Income by 7.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 138,986 shares of the real estate investment trust’s stock worth $7,341,000 after acquiring an additional 9,890 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Realty Income by 19.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,419 shares of the real estate investment trust’s stock valued at $3,667,000 after acquiring an additional 11,539 shares in the last quarter. Finally, Atticus Wealth Management LLC boosted its stake in Realty Income by 12.6% in the 2nd quarter. Atticus Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 508 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE O opened at $55.79 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $48.83 billion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 3.95 and a beta of 0.98. The stock’s fifty day moving average price is $59.59 and its two-hundred day moving average price is $58.30. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS 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 during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company posted $1.02 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. On average, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces 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 paid a $0.264 dividend. Realty Income’s dividend payout ratio (DPR) is currently 300.96%.

Analyst Ratings Changes

A number of brokerages recently issued reports on O. JPMorgan Chase & Co. lifted their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank boosted their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $63.67.

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.