Centaurus Financial Inc. Has $1.31 Million Stock Position in Realty Income Co. (NYSE:O)

Centaurus Financial Inc. reduced its stake in shares of Realty Income Co. (NYSE:O) by 20.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 20,643 shares of the real estate investment trust’s stock after selling 5,148 shares during the quarter. Centaurus Financial Inc.’s holdings in Realty Income were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Pacifica Partners Inc. increased its holdings in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the period. Rosenberg Matthew Hamilton grew its position in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in Realty Income during the second quarter valued at about $33,000. Creative Capital Management Investments LLC increased its stake in Realty Income by 133.3% during 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 period. Finally, 1620 Investment Advisors Inc. acquired a new position in Realty Income in the 2nd quarter valued at approximately $42,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 0.1 %

Shares of O opened at $57.45 on Monday. The stock has a fifty day moving average price of $60.76 and a two-hundred day moving average price of $58.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $50.28 billion, a price-to-earnings ratio of 54.71, a PEG ratio of 4.04 and a beta of 0.99. Realty Income Co. has a 52-week low of $50.65 and a 52-week 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 the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the company earned $1.02 EPS. Analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.50%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio (DPR) is currently 300.96%.

Analyst Ratings Changes

O has been the topic of several recent research reports. Robert W. Baird lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Wedbush started coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Finally, Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.85.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Realty Income 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.