Wrapmanager Inc. Reduces Stock Holdings in Realty Income Co. (NYSE:O)

Wrapmanager Inc. lessened its stake in Realty Income Co. (NYSE:O) by 25.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,068 shares of the real estate investment trust’s stock after selling 1,386 shares during the quarter. Wrapmanager Inc.’s holdings in Realty Income were worth $258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blair William & Co. IL boosted its stake in shares of Realty Income by 15.3% in the first quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock worth $947,000 after acquiring an additional 2,321 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Realty Income by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 2,220 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Realty Income by 22.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 29,623 shares of the real estate investment trust’s stock valued at $1,603,000 after acquiring an additional 5,415 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Realty Income during the 1st quarter worth $209,000. Finally, American International Group Inc. lifted its position in Realty Income by 14.6% in the first quarter. American International Group Inc. now owns 217,494 shares of the real estate investment trust’s stock valued at $11,766,000 after buying an additional 27,657 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of O opened at $57.18 on Wednesday. The firm has a market capitalization of $50.04 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 3.98 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $61.08 and its 200-day simple moving average is $58.06. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities analysts forecast 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 given a dividend of $0.2635 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 5.53%. Realty Income’s payout ratio is 300.96%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on O shares. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Royal Bank of Canada decreased their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Stifel Nicolaus dropped their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $63.85.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 48.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by 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.