Townsquare Capital LLC Boosts Stock Position in Realty Income Co. (NYSE:O)

Townsquare Capital LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 7.1% during the third quarter, Holdings Channel reports. The firm owned 97,284 shares of the real estate investment trust’s stock after acquiring an additional 6,454 shares during the quarter. Townsquare Capital LLC’s holdings in Realty Income were worth $6,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Lazard Asset Management LLC lifted its position in shares of Realty Income by 34.7% in the 1st quarter. Lazard Asset Management LLC now owns 12,788 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 3,297 shares during the period. Janus Henderson Group PLC boosted its position in Realty Income by 6.8% during the 1st quarter. Janus Henderson Group PLC now owns 102,180 shares of the real estate investment trust’s stock valued at $5,527,000 after acquiring an additional 6,503 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Realty Income by 3.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,738 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 325 shares during the period. Swedbank AB bought a new position in shares of Realty Income in the 1st quarter worth approximately $3,017,000. Finally, Atria Investments Inc lifted its stake in shares of Realty Income by 12.9% in the 1st quarter. Atria Investments Inc now owns 65,553 shares of the real estate investment trust’s stock valued at $3,546,000 after purchasing an additional 7,490 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.0 %

Shares of NYSE:O opened at $58.32 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a market cap of $51.04 billion, a P/E ratio of 55.54, a PEG ratio of 4.04 and a beta of 0.99. The stock’s fifty day moving average price is $60.44 and its 200-day moving average price is $58.15.

Realty Income (NYSE:O) last posted its 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $1.02 EPS. Realty Income’s revenue was up 28.1% on a year-over-year basis. Sell-side analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a $0.2635 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.96%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on O. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Wedbush initiated coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus price target 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.