MeadowBrook Investment Advisors LLC Sells 1,177 Shares of Realty Income Co. (NYSE:O)

MeadowBrook Investment Advisors LLC decreased its stake in Realty Income Co. (NYSE:O) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,915 shares of the real estate investment trust’s stock after selling 1,177 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Realty Income were worth $312,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. ZWJ Investment Counsel Inc. raised its position in shares of 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 purchasing an additional 164 shares during the period. Whittier Trust Co. grew its stake in Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 166 shares in the last quarter. Greenleaf Trust grew its stake in Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 170 shares in the last quarter. Grove Bank & Trust grew its stake in Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its stake in Realty Income by 1.9% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 176 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Realty Income 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 transaction of $303,850.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction 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 transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Down 1.6 %

Shares of O stock traded down $0.90 on Thursday, hitting $56.00. The stock had a trading volume of 1,421,822 shares, compared to its average volume of 5,661,639. 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 one year low of $50.65 and a one year high of $64.88. The business has a 50 day moving average price of $61.56 and a 200 day moving average price of $57.98. The company has a market cap of $49.01 billion, a PE ratio of 53.77, a P/E/G ratio of 4.01 and a beta of 0.99.

Realty Income (NYSE:O) last released 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 return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. Research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a yield of 5.65%. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is presently 300.96%.

Analyst Ratings Changes

Several research analysts have commented on O shares. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank increased their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada cut their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $63.85.

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.