MML Investors Services LLC Buys 1,190 Shares of Realty Income Co. (NYSE:O)

MML Investors Services LLC boosted its stake in shares of Realty Income Co. (NYSE:O) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,997 shares of the real estate investment trust’s stock after acquiring an additional 1,190 shares during the period. MML Investors Services LLC’s holdings in Realty Income were worth $6,659,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Parnassus Investments LLC raised its position in Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after purchasing an additional 1,676,293 shares in the last quarter. Legal & General Group Plc boosted its stake in Realty Income by 4.5% in the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock valued at $647,492,000 after buying an additional 531,008 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Realty Income by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock valued at $617,043,000 after acquiring an additional 413,865 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares in the last quarter. Finally, APG Asset Management US Inc. boosted its stake in shares of Realty Income by 3.1% in the 2nd quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock valued at $454,502,000 after purchasing an additional 265,000 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on O shares. 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 note on Tuesday, September 3rd. Royal Bank of Canada reduced their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. UBS Group dropped their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday. They issued a “hold” rating and a $62.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.54.

Realty Income Stock Down 0.3 %

O stock opened at $55.14 on Friday. The firm has a market capitalization of $48.26 billion, a PE ratio of 52.90, a P/E/G ratio of 3.95 and a beta of 0.98. The stock’s 50 day moving average is $59.31 and its 200-day moving average is $58.30. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $1.02 EPS. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. Sell-side analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. This is a positive change from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income’s dividend payout ratio (DPR) is 300.95%.

Realty Income 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.