Realty Income Co. (NYSE:O) Shares Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management boosted its position in Realty Income Co. (NYSE:O) by 3.7% in the third quarter, HoldingsChannel.com reports. The firm owned 11,954 shares of the real estate investment trust’s stock after purchasing an additional 428 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Realty Income were worth $758,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in shares of Realty Income during the 1st quarter valued at $356,000. Central Pacific Bank Trust Division acquired a new stake in shares of Realty Income during the 1st quarter valued at $46,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Realty Income by 3.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,699 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 337 shares during the last quarter. Signaturefd LLC lifted its position in shares of Realty Income by 22.4% during the 1st quarter. Signaturefd LLC now owns 22,335 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 4,089 shares during the last quarter. Finally, Csenge Advisory Group lifted its position in shares of Realty Income by 31.1% during the 1st quarter. Csenge Advisory Group now owns 6,135 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 1,456 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Down 0.1 %

Realty Income stock traded down $0.03 during mid-day trading on Thursday, hitting $56.97. 1,002,230 shares of the company’s stock were exchanged, compared to its average volume of 5,672,350. 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 stock has a market cap of $49.61 billion, a P/E ratio of 54.25, a P/E/G ratio of 4.12 and a beta of 0.99. Realty Income Co. has a 1-year low of $49.52 and a 1-year high of $64.88. The stock has a 50 day moving average of $62.06 and a two-hundred day moving average of $57.85.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 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 analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.38% and a net margin of 17.57%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. As a group, analysts anticipate that Realty Income Co. will post 4.2 EPS 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. Shareholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s payout ratio is 300.96%.

Insiders Place Their Bets

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

Analyst Ratings Changes

O has been the topic of several recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Morgan Stanley reissued an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Scotiabank boosted their target price 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, Royal Bank of Canada cut 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 note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.