Compass Ion Advisors LLC Sells 1,559 Shares of Realty Income Co. (NYSE:O)

Compass Ion Advisors LLC trimmed its position in Realty Income Co. (NYSE:O) by 9.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 15,772 shares of the real estate investment trust’s stock after selling 1,559 shares during the period. Compass Ion Advisors LLC’s holdings in Realty Income were worth $1,000,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in O. Pacifica Partners Inc. lifted its holdings in Realty Income by 444.4% in 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. Northwest Investment Counselors LLC bought a new position in shares of Realty Income in the 1st quarter worth $27,000. Bell Investment Advisors Inc increased its holdings in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 217 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in Realty Income in the second quarter valued at about $33,000. Finally, Riverview Trust Co bought a new position in Realty Income during the first quarter worth about $34,000. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Stifel Nicolaus boosted their target price on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.94.

Realty Income Stock Performance

Shares of O traded up $0.75 during mid-day trading on Friday, reaching $64.71. The company’s stock had a trading volume of 3,406,723 shares, compared to its average volume of 4,871,949. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.76. The business has a 50-day simple moving average of $62.03 and a two-hundred day simple moving average of $57.08. The stock has a market cap of $56.35 billion, a P/E ratio of 59.92, a PEG ratio of 4.32 and a beta of 0.99.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.2635 dividend. The ex-dividend date is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 1,712 shares of the 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 sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on 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 owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’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 transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % 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 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.