LPL Financial LLC Has $128.80 Million Position in Realty Income Co. (NYSE:O)

LPL Financial LLC lifted its holdings in shares of Realty Income Co. (NYSE:O) by 3.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,030,819 shares of the real estate investment trust’s stock after purchasing an additional 75,035 shares during the period. LPL Financial LLC owned 0.23% of Realty Income worth $128,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in O. Landscape Capital Management L.L.C. acquired a new stake in shares of Realty Income in the third quarter valued at approximately $339,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Realty Income by 34.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 348,801 shares of the real estate investment trust’s stock valued at $21,880,000 after buying an additional 90,136 shares during the period. Cornerstone Advisors LLC raised its position in shares of Realty Income by 43.4% during the third quarter. Cornerstone Advisors LLC now owns 26,100 shares of the real estate investment trust’s stock worth $1,655,000 after acquiring an additional 7,900 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Realty Income by 1.4% during the third quarter. Moors & Cabot Inc. now owns 23,636 shares of the real estate investment trust’s stock valued at $1,499,000 after acquiring an additional 333 shares during the period. Finally, Altman Advisors Inc. boosted its holdings in Realty Income by 1.2% in the third quarter. Altman Advisors Inc. now owns 28,837 shares of the real estate investment trust’s stock valued at $1,829,000 after acquiring an additional 342 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’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 completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

O opened at $57.45 on Friday. The business’s 50-day simple moving average is $60.76 and its 200 day simple moving average is $58.07. 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 firm has a market capitalization of $50.28 billion, a PE ratio of 54.71, a PEG ratio of 4.02 and a beta of 0.99.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $1.02 EPS. The business’s revenue was up 28.1% on a year-over-year basis. As a group, sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.2635 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Monday, December 2nd. Realty Income’s payout ratio is currently 300.95%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on O shares. Wedbush began 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. UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada reduced their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.85.

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.