Realty Income Co. (NYSE:O) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lowered its holdings in Realty Income Co. (NYSE:O) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,932 shares of the real estate investment trust’s stock after selling 1,117 shares during the period. Valley Wealth Managers Inc.’s holdings in Realty Income were worth $4,372,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pacifica Partners Inc. raised its holdings in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the period. MFA Wealth Advisors LLC acquired a new stake in shares of Realty Income during the second quarter valued at approximately $33,000. Creative Capital Management Investments LLC raised its holdings in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Realty Income during the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 48.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 transaction 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. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

O has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and cut their price target for the company from $64.00 to $60.00 in a report on Thursday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Wedbush assumed coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $63.85.

Realty Income Stock Up 0.1 %

O stock traded up $0.06 during trading hours on Friday, hitting $56.13. The company’s stock had a trading volume of 687,910 shares, compared to its average volume of 5,655,871. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $49.13 billion, a PE ratio of 53.42, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a 50 day moving average price of $61.43 and a two-hundred day moving average price of $57.96.

Realty Income (NYSE:O) last posted its 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). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, equities research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.2635 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.63%. This is a boost from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s payout ratio is presently 300.96%.

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.