3,850 Shares in Realty Income Co. (NYSE:O) Purchased by Scott Capital Advisors LLC

Scott Capital Advisors LLC bought a new position in shares of Realty Income Co. (NYSE:O) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,850 shares of the real estate investment trust’s stock, valued at approximately $244,000.

Several other large investors have also recently added to or reduced their stakes in O. Bayesian Capital Management LP acquired a new stake in shares of Realty Income in the fourth quarter valued at about $5,248,000. GRS Advisors LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $58,843,000. Public Employees Retirement System of Ohio grew its stake in shares of Realty Income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after buying an additional 51,574 shares in the last quarter. Able Wealth Management LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $32,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Realty Income by 198.4% in the fourth quarter. V Square Quantitative Management LLC now owns 15,860 shares of the real estate investment trust’s stock valued at $911,000 after buying an additional 10,545 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on O shares. Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Stifel Nicolaus raised their price objective on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Robert W. Baird increased 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.63.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the 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 completion of the sale, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.3 %

Shares of O traded up $0.21 during trading hours on Friday, reaching $61.68. The company’s stock had a trading volume of 210,153 shares, compared to its average volume of 5,756,792. The firm has a market cap of $53.72 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 4.30 and a beta of 0.99. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $63.60. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $61.63 and a two-hundred day moving average of $56.64.

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

Realty Income Announces Dividend

The business 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 dividend of $0.2635 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

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.