Atria Wealth Solutions Inc. Acquires 9,510 Shares of Realty Income Co. (NYSE:O)

Atria Wealth Solutions Inc. increased its holdings in Realty Income Co. (NYSE:O) by 6.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 147,186 shares of the real estate investment trust’s stock after purchasing an additional 9,510 shares during the period. Atria Wealth Solutions Inc.’s holdings in Realty Income were worth $8,457,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Meridian Wealth Management LLC grew its stake in shares of Realty Income by 105.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 10,790 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 5,540 shares during the period. SS&H Financial Advisors Inc. bought a new stake in shares of Realty Income during the 3rd quarter valued at about $252,000. Oak Thistle LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at about $520,000. Czech National Bank grew its stake in shares of Realty Income by 55.4% during the 3rd quarter. Czech National Bank now owns 123,881 shares of the real estate investment trust’s stock valued at $6,187,000 after purchasing an additional 44,172 shares during the period. Finally, Presima Securities ULC grew its stake in shares of Realty Income by 1,259.7% during the 3rd quarter. Presima Securities ULC now owns 538,448 shares of the real estate investment trust’s stock valued at $26,890,000 after purchasing an additional 498,848 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Stock Performance

NYSE O opened at $53.82 on Friday. The business’s 50 day moving average price is $52.62 and its 200-day moving average price is $53.45. The company has a market cap of $46.35 billion, a P/E ratio of 42.70, a P/E/G ratio of 5.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. Sell-side analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is 244.45%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on O shares. Mizuho cut their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. BMO Capital Markets started coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus cut their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $60.96.

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.