Brown Brothers Harriman & Co. Boosts Stake in Realty Income Co. (NYSE:O)

Brown Brothers Harriman & Co. increased its stake in Realty Income Co. (NYSE:O) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,420 shares of the real estate investment trust’s stock after acquiring an additional 1,583 shares during the period. Brown Brothers Harriman & Co.’s holdings in Realty Income were worth $1,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Raymond James & Associates raised its stake in shares of Realty Income by 92.4% during the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after acquiring an additional 3,112,560 shares in the last quarter. Parnassus Investments LLC raised its position in Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares during the period. Canada Pension Plan Investment Board lifted its stake in Realty Income by 63.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock worth $137,886,000 after purchasing an additional 1,010,876 shares during the last quarter. Cetera Investment Advisers boosted its position in Realty Income by 410.7% during the first quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust’s stock valued at $51,467,000 after buying an additional 765,048 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Realty Income by 54.6% during the second quarter. Federated Hermes Inc. now owns 2,140,696 shares of the real estate investment trust’s stock valued at $113,072,000 after buying an additional 755,987 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Realty Income

In other Realty Income 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 transaction of $107,136.96. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Realty Income Trading Down 0.0 %

Realty Income stock opened at $57.44 on Tuesday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. 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 business’s fifty day simple moving average is $60.66 and its two-hundred day simple moving average is $58.13. The company has a market capitalization of $50.27 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 4.04 and a beta of 0.99.

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. As a group, equities 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 disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio is 300.96%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. UBS Group lowered their price target 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. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Wedbush assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.85.

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.