Oppenheimer & Co. Inc. Acquires 4,982 Shares of Realty Income Co. (NYSE:O)

Oppenheimer & Co. Inc. increased its holdings in shares of Realty Income Co. (NYSE:O) by 5.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 91,410 shares of the real estate investment trust’s stock after acquiring an additional 4,982 shares during the period. Oppenheimer & Co. Inc.’s holdings in Realty Income were worth $5,797,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of O. Pacifica Partners Inc. boosted its position in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Realty Income in the 2nd quarter valued at about $33,000. Creative Capital Management Investments LLC grew its position in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Realty Income during the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on O. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective 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. 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 target price on the stock. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.85.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $319,467.89. The trade was a 48.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income Trading Down 1.5 %

Shares of Realty Income stock opened at $56.07 on Friday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The stock has a market cap of $49.07 billion, a P/E ratio of 53.40, a P/E/G ratio of 4.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $61.56 and its 200-day simple moving average is $57.98.

Realty Income (NYSE:O) last issued 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). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share. Analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.64%. This is a boost from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s dividend payout ratio is 300.96%.

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.