Harbour Trust & Investment Management Co Reduces Holdings in Realty Income Co. (NYSE:O)

Harbour Trust & Investment Management Co decreased its position in shares of Realty Income Co. (NYSE:O) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,126 shares of the real estate investment trust’s stock after selling 527 shares during the period. Harbour Trust & Investment Management Co’s holdings in Realty Income were worth $706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC increased its position in shares of Realty Income by 15.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 4,221 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 560 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Realty Income in the 1st quarter worth about $81,000. Signet Financial Management LLC increased its position in shares of Realty Income by 4.4% in the 1st quarter. Signet Financial Management LLC now owns 5,354 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 227 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Realty Income by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 129,096 shares of the real estate investment trust’s stock valued at $6,984,000 after buying an additional 25,743 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of Realty Income during the 1st quarter valued at about $73,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on O shares. Wedbush started coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $63.94.

Realty Income Trading Down 1.4 %

Shares of NYSE:O opened at $63.31 on Friday. The company has a 50 day moving average of $62.25 and a 200-day moving average of $57.31. The firm has a market cap of $55.13 billion, a P/E ratio of 58.62, a P/E/G ratio of 4.43 and a beta of 0.99. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.88. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.2635 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income’s payout ratio is currently 292.59%.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’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 sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’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 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 disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Realty Income Company 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.