LexAurum Advisors LLC Reduces Holdings in Realty Income Co. (NYSE:O)

LexAurum Advisors LLC cut its stake in Realty Income Co. (NYSE:O) by 7.2% in the third quarter, Holdings Channel.com reports. The fund owned 4,073 shares of the real estate investment trust’s stock after selling 318 shares during the quarter. LexAurum Advisors LLC’s holdings in Realty Income were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. NBC Securities Inc. boosted its holdings in shares of Realty Income by 13.5% in the first quarter. NBC Securities Inc. now owns 9,648 shares of the real estate investment trust’s stock valued at $521,000 after acquiring an additional 1,150 shares during the period. Los Angeles Capital Management LLC grew its position in Realty Income by 15.3% during 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. GAMMA Investing LLC grew its position in Realty Income by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 3,886 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 531 shares during the last quarter. Park Avenue Securities LLC increased its stake in Realty Income by 10.7% in the first quarter. Park Avenue Securities LLC now owns 17,768 shares of the real estate investment trust’s stock valued at $961,000 after purchasing an additional 1,720 shares during the period. Finally, Marcum Wealth LLC purchased a new stake in shares of Realty Income in the first quarter valued at about $223,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on O. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective 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. Robert W. Baird upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.94.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s 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 in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The stock was 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Realty Income Price Performance

O stock opened at $64.71 on Friday. The firm has a 50 day moving average of $62.03 and a 200-day moving average of $57.05. The company has a market cap of $56.35 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 4.32 and a beta of 0.99. 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 Co. has a 12-month low of $45.03 and a 12-month high of $64.76.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. As a group, equities analysts expect that Realty Income Co. will post 4.2 EPS 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. Shareholders of record on Friday, November 1st will be issued a dividend of $0.2635 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

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.