Penserra Capital Management LLC Has $1.74 Million Stock Holdings in Realty Income Co. (NYSE:O)

Penserra Capital Management LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,513 shares of the real estate investment trust’s stock after acquiring an additional 4,397 shares during the period. Penserra Capital Management LLC’s holdings in Realty Income were worth $1,743,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its stake in Realty Income by 36.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 83,574 shares of the real estate investment trust’s stock worth $5,300,000 after acquiring an additional 22,461 shares during the last quarter. Cerity Partners LLC raised its holdings in Realty Income by 60.0% in the third quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust’s stock worth $5,513,000 after purchasing an additional 32,600 shares during the period. Great Valley Advisor Group Inc. raised its holdings in Realty Income by 18.7% in the third quarter. Great Valley Advisor Group Inc. now owns 78,511 shares of the real estate investment trust’s stock worth $4,979,000 after purchasing an additional 12,368 shares during the period. Stonebrook Private Inc. bought a new position in shares of Realty Income during the third quarter worth $209,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at $339,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Down 0.0 %

Realty Income stock opened at $57.44 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $60.66 and a 200-day moving average of $58.13. The company has a market cap of $50.27 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 4.04 and a beta of 0.99. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last posted its quarterly 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 net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a dividend of $0.2635 per share. This is a boost from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.51%. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

Insider Activity at Realty Income

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 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Scotiabank raised their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Stifel Nicolaus cut their price target 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, November 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target 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.