William Allan Corp Purchases 490 Shares of Realty Income Co. (NYSE:O)

William Allan Corp boosted its position in Realty Income Co. (NYSE:O) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 12,940 shares of the real estate investment trust’s stock after purchasing an additional 490 shares during the quarter. William Allan Corp’s holdings in Realty Income were worth $821,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of O. Pacifica Partners Inc. raised its holdings in shares of Realty Income by 444.4% in 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 during the last quarter. Rosenberg Matthew Hamilton lifted its position in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income during the 2nd quarter worth about $33,000. Creative Capital Management Investments LLC grew its holdings 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 valued at $33,000 after acquiring an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Realty Income during the second quarter worth about $42,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on O shares. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised 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. Wedbush assumed 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 on the stock. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus target price of $63.85.

Realty Income Trading Up 1.0 %

Shares of NYSE:O opened at $58.32 on Friday. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The business has a 50 day moving average of $60.44 and a 200-day moving average of $58.15. 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 stock has a market cap of $51.04 billion, a PE ratio of 55.54, a P/E/G ratio of 4.10 and a beta of 0.99.

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

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.42%. Realty Income’s dividend payout ratio is 300.96%.

Insider Buying and Selling

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 owned by insiders.

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.