Sheaff Brock Investment Advisors LLC Grows Stock Position in Realty Income Co. (NYSE:O)

Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,504 shares of the real estate investment trust’s stock after purchasing an additional 632 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Realty Income were worth $1,998,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Pacifica Partners Inc. boosted its position in shares of 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 buying an additional 400 shares during the period. Rosenberg Matthew Hamilton increased 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 worth $31,000 after purchasing an additional 211 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income during the second quarter worth $33,000. Creative Capital Management Investments LLC increased its position in shares of 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 worth $33,000 after purchasing an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Realty Income during the second quarter valued at $42,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 0.1 %

Shares of NYSE O opened at $56.10 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market capitalization of $49.10 billion, a price-to-earnings ratio of 53.40, a P/E/G ratio of 4.00 and a beta of 0.99. The firm’s 50-day moving average price is $61.56 and its 200-day moving average price is $57.98.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $1.02 EPS. The company’s quarterly revenue was up 28.1% on a year-over-year basis. On average, equities research analysts anticipate 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 issued a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a yield of 5.64%. The ex-dividend date is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.96%.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s 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 directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 48.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, 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. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company reiterated 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. Robert W. Baird raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Scotiabank lifted their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Finally, Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $60.00 in a report on Thursday. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.