Mizuho Markets Americas LLC Sells 17,872 Shares of Realty Income Co. (NYSE:O)

Mizuho Markets Americas LLC decreased its holdings in shares of Realty Income Co. (NYSE:O) by 15.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,499 shares of the real estate investment trust’s stock after selling 17,872 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Realty Income were worth $6,247,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pacifica Partners Inc. raised its position in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Realty Income by 75.4% during the 3rd 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 purchased a new position in shares of Realty Income during the 2nd quarter valued at about $33,000. Creative Capital Management Investments LLC lifted its position in 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. Finally, 1620 Investment Advisors Inc. purchased a new stake in Realty Income in the second quarter worth approximately $42,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 48.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value 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. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of several research reports. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Royal Bank of Canada decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Wedbush initiated coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Finally, Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $64.00 to $60.00 in a research note on Thursday. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $63.85.

Realty Income Price Performance

Realty Income stock opened at $56.53 on Friday. Realty Income Co. has a 52-week low of $50.65 and a 52-week 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. The firm’s fifty day moving average is $61.31 and its 200 day moving average is $57.98. The company has a market cap of $49.48 billion, a price-to-earnings ratio of 53.84, a PEG ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O) last announced 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). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.2635 dividend. This represents a $3.16 annualized dividend and a dividend yield of 5.59%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

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.