Foster Victor Wealth Advisors LLC Has $6.36 Million Stock Holdings in Realty Income Co. (NYSE:O)

Foster Victor Wealth Advisors LLC lifted its holdings in Realty Income Co. (NYSE:O) by 3.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 102,921 shares of the real estate investment trust’s stock after purchasing an additional 2,960 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Realty Income were worth $6,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after acquiring an additional 20,848,560 shares during the last quarter. Raymond James & Associates raised its holdings in Realty Income by 76.6% during the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after purchasing an additional 1,460,884 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Realty Income by 63.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock valued at $137,886,000 after purchasing an additional 1,010,876 shares during the period. Centersquare Investment Management LLC lifted its position in Realty Income by 14.9% during the 1st quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust’s stock valued at $365,379,000 after purchasing an additional 885,852 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Realty Income by 410.7% in the 1st quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust’s stock valued at $51,467,000 after purchasing an additional 765,048 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director A. Larry Chapman sold 5,000 shares of the 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 completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Up 2.0 %

Shares of Realty Income stock opened at $63.37 on Wednesday. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.74. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $55.18 billion, a P/E ratio of 58.68, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The business has a 50-day moving average of $61.79 and a two-hundred day moving average of $56.87.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $1.00 earnings per share. Realty Income’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, equities analysts predict that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.2635 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s dividend payout ratio is currently 292.59%.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Robert W. Baird boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Stifel Nicolaus upped their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. UBS Group raised their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Scotiabank increased their target price on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.63.

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.