Realty Income Co. (NYSE:O) Shares Bought by Dudley Capital Management LLC

Dudley Capital Management LLC boosted its stake in Realty Income Co. (NYSE:O) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the real estate investment trust’s stock after acquiring an additional 790 shares during the period. Dudley Capital Management LLC’s holdings in Realty Income were worth $412,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. raised its position in shares of Realty Income by 444.4% during 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 in the last quarter. Bell Investment Advisors Inc boosted 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 worth $29,000 after purchasing an additional 217 shares during the period. Rosenberg Matthew Hamilton increased its stake in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Realty Income during the second quarter worth $33,000. Finally, Creative Capital Management Investments LLC lifted its position in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Down 1.1 %

Shares of NYSE:O opened at $56.38 on Friday. The company has a 50 day moving average of $62.06 and a 200-day moving average of $57.85. 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 $49.10 billion, a P/E ratio of 53.70, a P/E/G ratio of 4.12 and a beta of 0.99. Realty Income Co. has a twelve month low of $49.52 and a twelve month high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.38% and a net margin of 17.57%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio is presently 300.96%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director A. Larry Chapman sold 5,000 shares of the business’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 transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction 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 sale, 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Scotiabank raised their target price on 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, Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price 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.