Realty Income Co. (NYSE:O) Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. grew its holdings in Realty Income Co. (NYSE:O) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,225 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Realty Income were worth $1,410,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton increased its position in shares of Realty Income by 75.4% in the 3rd 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. Creative Capital Management Investments LLC increased its holdings in shares of 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 purchasing an additional 300 shares during the period. MFA Wealth Advisors LLC purchased a new position in shares of Realty Income in the second quarter worth about $33,000. Headlands Technologies LLC acquired a new stake in shares of Realty Income during the second quarter worth about $42,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Realty Income in the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.3 %

O stock opened at $55.14 on Friday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. 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 firm has a 50-day simple moving average of $59.16 and a 200-day simple moving average of $58.28. The stock has a market capitalization of $48.26 billion, a P/E ratio of 52.51, a P/E/G ratio of 3.89 and a beta of 0.98.

Realty Income (NYSE:O) last announced its earnings results 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 net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company earned $1.02 EPS. Realty Income’s revenue was up 28.1% compared to the same quarter last year. Equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.264 dividend. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date is Thursday, January 2nd. Realty Income’s dividend payout ratio is 300.96%.

Analyst Ratings Changes

A number of equities analysts have issued reports on O shares. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price 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. Stifel Nicolaus cut their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Finally, Royal Bank of Canada reduced their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average price target of $63.54.

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.