Werba Rubin Papier Wealth Management Takes Position in Realty Income Co. (NYSE:O)

Werba Rubin Papier Wealth Management acquired a new position in Realty Income Co. (NYSE:O) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,899 shares of the real estate investment trust’s stock, valued at approximately $247,000.

Other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC boosted its stake in shares of Realty Income by 15.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 4,221 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 560 shares during the period. Park Avenue Securities LLC boosted its position in Realty Income by 10.7% during the first quarter. Park Avenue Securities LLC now owns 17,768 shares of the real estate investment trust’s stock valued at $961,000 after purchasing an additional 1,720 shares during the last quarter. RFG Advisory LLC grew its stake in Realty Income by 22.8% in the first quarter. RFG Advisory LLC now owns 31,939 shares of the real estate investment trust’s stock valued at $1,728,000 after purchasing an additional 5,938 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Realty Income by 12.4% in the 1st quarter. Gulf International Bank UK Ltd now owns 69,299 shares of the real estate investment trust’s stock worth $3,749,000 after purchasing an additional 7,670 shares during the last quarter. Finally, &PARTNERS purchased a new stake in shares of Realty Income during the 1st quarter worth about $248,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of NYSE:O opened at $64.71 on Friday. The company has a market cap of $56.35 billion, a price-to-earnings ratio of 59.92, a PEG ratio of 4.32 and a beta of 0.99. The business has a 50 day moving average price of $62.03 and a 200 day moving average price of $57.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.76.

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

Realty Income Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 5.1%. Realty Income’s payout ratio is 292.59%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on O shares. UBS Group increased their price objective on Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus increased their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Royal Bank of Canada upped their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $63.94.

Insider Activity

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

Realty Income Company Profile

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.