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

Heitman Real Estate Securities LLC reduced its stake in shares of Realty Income Co. (NYSE:O) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 393,737 shares of the real estate investment trust’s stock after selling 25,966 shares during the quarter. Realty Income comprises about 1.4% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 29th biggest position. Heitman Real Estate Securities LLC’s holdings in Realty Income were worth $24,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Down 1.6 %

NYSE:O opened at $56.68 on Tuesday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. 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 company has a market cap of $49.61 billion, a PE ratio of 53.98, a P/E/G 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.

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

Realty Income Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $64.00 to $60.00 in a research report on Thursday, November 14th. Robert W. Baird raised their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Royal Bank of Canada dropped their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, UBS Group decreased 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. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price 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.