Empower Advisory Group LLC Invests $208,000 in Realty Income Co. (NYSE:O)

Empower Advisory Group LLC bought a new position in Realty Income Co. (NYSE:O) in the third quarter, Holdings Channel reports. The firm bought 3,274 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in O. Pacifica Partners Inc. increased its stake in 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 acquiring an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in shares of Realty Income in the 2nd quarter worth about $33,000. Creative Capital Management Investments LLC raised its position 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 worth $33,000 after purchasing an additional 300 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Realty Income during the second quarter valued at $42,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of NYSE:O opened at $56.53 on Friday. The company’s fifty day moving average is $61.43 and its two-hundred day moving average is $57.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a market cap of $49.48 billion, a P/E ratio of 53.84, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O) last issued 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 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%. The company’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.2635 dividend. The ex-dividend date of this dividend is Monday, December 2nd. 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%. Realty Income’s dividend payout ratio (DPR) is 300.96%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Royal Bank of Canada decreased their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Robert W. Baird raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Scotiabank raised their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $63.85.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred 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 sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.