14,122 Shares in Realty Income Co. (NYSE:O) Purchased by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC purchased a new stake in Realty Income Co. (NYSE:O) in the third quarter, Holdings Channel reports. The institutional investor purchased 14,122 shares of the real estate investment trust’s stock, valued at approximately $896,000.

Several other large investors also recently made changes to their positions in O. Blair William & Co. IL lifted its holdings in shares of Realty Income by 15.3% during the first quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock valued at $947,000 after purchasing an additional 2,321 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Realty Income by 15.8% in the first quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock worth $882,000 after buying an additional 2,220 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Realty Income in the first quarter worth approximately $230,000. M&G Plc acquired a new stake in shares of Realty Income during the first quarter valued at approximately $286,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Realty Income by 8.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 432,111 shares of the real estate investment trust’s stock valued at $23,375,000 after acquiring an additional 34,040 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.8 %

Realty Income stock opened at $56.54 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm’s fifty day simple moving average is $61.31 and its 200-day simple moving average is $58.01. The company has a market capitalization of $49.48 billion, a P/E ratio of 53.85, a P/E/G ratio of 3.98 and a beta of 0.99.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for 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%. Realty Income’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $1.02 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Insider Buying and Selling at Realty Income

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

Analyst Ratings Changes

Several equities analysts have weighed in on O shares. JPMorgan Chase & Co. lifted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $64.00 to $60.00 in a research report on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Robert W. Baird increased their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.85.

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.