Symphony Financial Ltd. Co. Increases Position in Realty Income Co. (NYSE:O)

Symphony Financial Ltd. Co. increased its stake in shares of Realty Income Co. (NYSE:O) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,195 shares of the real estate investment trust’s stock after buying an additional 251 shares during the period. Symphony Financial Ltd. Co.’s holdings in Realty Income were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacifica Partners Inc. grew its stake in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Realty Income during the 1st quarter worth approximately $27,000. Bell Investment Advisors Inc raised its position in shares of Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in Realty Income in the 2nd quarter valued at approximately $33,000. Finally, Riverview Trust Co acquired a new stake in Realty Income during the 1st quarter valued at $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Down 0.1 %

O traded down $0.08 during trading on Tuesday, hitting $63.71. 2,147,529 shares of the company’s stock were exchanged, compared to its average volume of 5,684,852. The stock has a 50 day moving average price of $62.10 and a 200 day moving average price of $57.19. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.88. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm has a market cap of $55.48 billion, a P/E ratio of 59.06, a price-to-earnings-growth ratio of 4.32 and a beta of 0.99.

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

Realty Income Dividend Announcement

The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.2635 per share. The ex-dividend date is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income’s dividend payout ratio is currently 292.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on O shares. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. UBS Group raised their price target on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Scotiabank upped their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $63.94.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.