Compass Ion Advisors LLC Sells 1,559 Shares of Realty Income Co. (NYSE:O)

Compass Ion Advisors LLC lowered its position in shares of Realty Income Co. (NYSE:O) by 9.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,772 shares of the real estate investment trust’s stock after selling 1,559 shares during the period. Compass Ion Advisors LLC’s holdings in Realty Income were worth $1,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Code Waechter LLC bought a new stake in shares of Realty Income in the third quarter worth $1,308,000. Texas Permanent School Fund Corp grew its position in shares of Realty Income by 15.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after buying an additional 22,440 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Realty Income by 17.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after buying an additional 171,166 shares during the period. Swedbank AB bought a new position in shares of Realty Income during the first quarter worth about $3,017,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Realty Income by 33.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 57,880 shares of the real estate investment trust’s stock worth $3,131,000 after acquiring an additional 14,644 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on O shares. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Scotiabank increased their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Stifel Nicolaus lifted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, UBS Group increased their target price on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.94.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.75 on Friday, reaching $64.71. 3,406,723 shares of the company traded hands, compared to its average volume of 4,871,949. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $56.35 billion, a PE ratio of 59.92, a PEG ratio of 4.32 and a beta of 0.99. The company has a 50 day moving average of $62.03 and a 200 day moving average of $57.08. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.76.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (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 analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. Equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.