Trajan Wealth LLC Invests $241,000 in Realty Income Co. (NYSE:O)

Trajan Wealth LLC bought a new stake in shares of Realty Income Co. (NYSE:O) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,804 shares of the real estate investment trust’s stock, valued at approximately $241,000.

A number of other hedge funds have also recently modified their holdings of the stock. Pacifica Partners Inc. grew its position in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the period. Bell Investment Advisors Inc lifted its position in shares of Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in Realty Income during the second quarter valued at $33,000. 1620 Investment Advisors Inc. acquired a new stake in Realty Income in the 2nd quarter worth about $42,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Realty Income in the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’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 completion of the transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, 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 value of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was 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 $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE O opened at $60.50 on Thursday. The company has a market cap of $52.69 billion, a P/E ratio of 56.02, a P/E/G ratio of 4.27 and a beta of 0.99. Realty Income Co. has a 1-year low of $45.93 and a 1-year high of $64.88. 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 stock has a 50-day moving average of $62.34 and a two-hundred day moving average of $57.61.

Realty Income (NYSE:O) last released 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 net margin of 17.89% and a return on equity of 2.36%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Analysts Set New Price Targets

O has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Robert W. Baird raised 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. Scotiabank upped their price objective 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. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.94.

Realty Income 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.