JBR Co Financial Management Inc Raises Position in Realty Income Co. (NYSE:O)

JBR Co Financial Management Inc boosted its holdings in Realty Income Co. (NYSE:O) by 54.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,937 shares of the real estate investment trust’s stock after purchasing an additional 5,984 shares during the quarter. JBR Co Financial Management Inc’s holdings in Realty Income were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp increased its stake in Realty Income by 15.0% during the first quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock worth $9,301,000 after acquiring an additional 22,440 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 acquiring an additional 171,166 shares during the period. Virtu Financial LLC purchased a new position in shares of Realty Income in the 4th quarter valued at $924,000. Code Waechter LLC acquired a new stake in Realty Income in the 3rd quarter valued at $1,308,000. Finally, Swedbank AB purchased a new position in Realty Income in the first quarter valued at about $3,017,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

O stock traded up $0.28 on Friday, reaching $61.75. The company’s stock had a trading volume of 2,913,808 shares, compared to its average volume of 5,770,506. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $53.77 billion, a P/E ratio of 57.18, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The firm has a fifty day moving average of $61.67 and a two-hundred day moving average of $56.73.

Realty Income (NYSE:O) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. As a group, analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.2635 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s payout ratio is 292.59%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on O shares. Royal Bank of Canada lifted their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Wedbush assumed coverage on 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, Robert W. Baird increased their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $63.63.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.