Darwin Wealth Management LLC Invests $65,000 in Realty Income Co. (NYSE:O)

Darwin Wealth Management LLC bought a new position in shares of Realty Income Co. (NYSE:O) in the third quarter, Holdings Channel.com reports. The fund bought 1,019 shares of the real estate investment trust’s stock, valued at approximately $65,000.

A number of other large investors have also modified their holdings of the business. First Horizon Advisors Inc. grew its holdings in shares of Realty Income by 313.5% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 718 shares in the last quarter. Strategy Asset Managers LLC boosted its position in shares of Realty Income by 22.6% during the 3rd quarter. Strategy Asset Managers LLC now owns 5,489 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 1,012 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Realty Income during the 3rd quarter valued at about $843,000. Prospera Private Wealth LLC boosted its position in shares of Realty Income by 2.3% during the 3rd quarter. Prospera Private Wealth LLC now owns 15,455 shares of the real estate investment trust’s stock valued at $980,000 after acquiring an additional 342 shares during the last quarter. Finally, New Millennium Group LLC boosted its position in shares of Realty Income by 69.2% during the 3rd quarter. New Millennium Group LLC now owns 2,627 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,074 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.5 %

Shares of O opened at $56.88 on Thursday. The stock has a market capitalization of $49.78 billion, a PE ratio of 54.17, a P/E/G ratio of 4.02 and a beta of 0.99. 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 quick ratio of 1.40 and a current ratio of 1.40. The company’s 50-day simple moving average is $60.97 and its 200-day simple moving average is $58.06.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. Analysts forecast 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. Investors of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.56%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio is presently 300.96%.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction that occurred 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 directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction 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 sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 48.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on O. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $60.00 in a research report on Thursday, November 14th. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price 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.