ETF Store Inc. Has $311,000 Stock Holdings in Realty Income Co. (NYSE:O)

ETF Store Inc. increased its position in shares of Realty Income Co. (NYSE:O) by 5.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,902 shares of the real estate investment trust’s stock after purchasing an additional 252 shares during the quarter. ETF Store Inc.’s holdings in Realty Income were worth $311,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. ZWJ Investment Counsel Inc. lifted its stake in Realty Income by 0.6% in 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 buying an additional 164 shares during the period. Whittier Trust Co. lifted 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 valued at $245,000 after buying an additional 166 shares during the period. Greenleaf Trust lifted its stake in Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 170 shares during the period. Grove Bank & Trust lifted its stake in Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 176 shares during the period. Finally, Buckley Wealth Management LLC lifted its stake in Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada cut their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock 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 price target for the company. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $64.00 to $60.00 in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $63.85.

Realty Income Stock Up 0.8 %

NYSE:O opened at $56.54 on Monday. 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 has a market cap of $49.48 billion, a PE ratio of 53.85, a PEG ratio of 3.98 and a beta of 0.99. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a 50-day simple moving average of $61.31 and a 200 day simple moving average of $58.04.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $1.02 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost 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 is 300.95%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 6.05 % 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.

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.