Realty Income Co. (NYSE:O) is Capital Square LLC’s 8th Largest Position

Capital Square LLC grew its holdings in Realty Income Co. (NYSE:O) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,745 shares of the real estate investment trust’s stock after purchasing an additional 4,085 shares during the quarter. Realty Income comprises approximately 2.0% of Capital Square LLC’s portfolio, making the stock its 8th largest holding. Capital Square LLC’s holdings in Realty Income were worth $3,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in O. Private Trust Co. NA increased its position in Realty Income by 12.3% during the third quarter. Private Trust Co. NA now owns 10,187 shares of the real estate investment trust’s stock worth $646,000 after purchasing an additional 1,112 shares during the last quarter. Diversified LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at approximately $203,000. Brown Brothers Harriman & Co. lifted its holdings in Realty Income by 7.6% in the third quarter. Brown Brothers Harriman & Co. now owns 22,420 shares of the real estate investment trust’s stock valued at $1,422,000 after acquiring an additional 1,583 shares during the last quarter. Independent Advisor Alliance grew its position in Realty Income by 7.7% in the third quarter. Independent Advisor Alliance now owns 21,958 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 1,571 shares during the period. Finally, Concentric Wealth Management LLC increased its stake in Realty Income by 1.9% during the third quarter. Concentric Wealth Management LLC now owns 77,261 shares of the real estate investment trust’s stock worth $4,900,000 after acquiring an additional 1,413 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value 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 trade represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Robert W. Baird boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Mizuho lowered 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, November 14th. JPMorgan Chase & Co. boosted their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $63.85.

Realty Income Stock Up 0.2 %

Shares of NYSE:O traded up $0.13 during trading hours on Monday, reaching $57.58. The stock had a trading volume of 495,168 shares, compared to its average volume of 5,619,879. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm’s 50 day moving average is $60.76 and its 200-day moving average is $58.11. The stock has a market capitalization of $50.39 billion, a price-to-earnings ratio of 54.71, a P/E/G ratio of 4.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings data 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 business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS. Research analysts predict that Realty Income Co. will post 4.19 earnings per share 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. Investors 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 5.49%. 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 dividend payout ratio (DPR) is currently 300.96%.

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.