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

LPL Financial LLC increased its holdings in Realty Income Co. (NYSE:O) by 3.8% in the third quarter, Holdings Channel reports. The institutional investor owned 2,030,819 shares of the real estate investment trust’s stock after buying an additional 75,035 shares during the period. LPL Financial LLC’s holdings in Realty Income were worth $128,795,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Pacifica Partners Inc. increased its holdings in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC increased its stake in Realty Income by 133.3% in 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 last quarter. MFA Wealth Advisors LLC acquired a new position in Realty Income during the second quarter valued at approximately $33,000. Finally, Headlands Technologies LLC bought a new stake in Realty Income during the second quarter worth $42,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 0.1 %

Shares of O stock opened at $57.45 on Friday. The stock has a 50-day moving average of $60.76 and a 200-day moving average of $58.07. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.28 billion, a price-to-earnings ratio of 54.71, a PEG ratio of 4.02 and a beta of 0.99. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s payout ratio is presently 300.95%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated 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 $1,663,313.82. The trade was a 6.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Royal Bank of Canada decreased 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. Scotiabank upped their price objective on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and five have assigned 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.

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.