Plato Investment Management Ltd Buys 2,359 Shares of Realty Income Co. (NYSE:O)

Plato Investment Management Ltd lifted its position in Realty Income Co. (NYSE:O) by 683.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,704 shares of the real estate investment trust’s stock after acquiring an additional 2,359 shares during the period. Plato Investment Management Ltd’s holdings in Realty Income were worth $171,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in O. ZWJ Investment Counsel Inc. boosted its stake in shares of Realty Income by 0.6% during the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 164 shares during the period. Whittier Trust Co. grew its stake in Realty Income by 4.5% in the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 166 shares in the last quarter. Greenleaf Trust raised its position in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 170 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 176 shares during the period. Finally, Buckley Wealth Management LLC grew its position in shares of Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 176 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was 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 $1,663,313.82. The trade was a 6.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 48.75 % 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 Price Performance

NYSE O opened at $56.53 on Friday. The stock’s fifty day moving average price is $61.43 and its 200 day moving average price is $57.96. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $49.48 billion, a price-to-earnings ratio of 53.84, a PEG ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $1.02 EPS. Realty Income’s quarterly revenue was up 28.1% on a year-over-year basis. 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 business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This is an increase 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 of this dividend is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is currently 300.96%.

Analyst Upgrades and Downgrades

O has been the subject of several research reports. Royal Bank of Canada lowered their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird upped their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Scotiabank raised their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Finally, Stifel Nicolaus reduced 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 note on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.85.

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.