Mizuho Securities USA LLC Lowers Stock Holdings in Realty Income Co. (NYSE:O)

Mizuho Securities USA LLC cut its stake in shares of Realty Income Co. (NYSE:O) by 15.9% during the third quarter, HoldingsChannel.com reports. The fund owned 56,471 shares of the real estate investment trust’s stock after selling 10,674 shares during the quarter. Mizuho Securities USA LLC’s holdings in Realty Income were worth $3,581,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of O. Atlanta Consulting Group Advisors LLC bought a new position in Realty Income during the 3rd quarter worth about $896,000. Code Waechter LLC bought a new position in shares of Realty Income in the 3rd quarter worth $1,308,000. Swiss National Bank raised its holdings in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after purchasing an additional 35,100 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after buying an additional 74,185 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Realty Income by 6.5% in the 3rd quarter. Natixis Advisors LLC now owns 302,343 shares of the real estate investment trust’s stock valued at $19,175,000 after buying an additional 18,409 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Royal Bank of Canada decreased their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. 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. Wedbush began coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Finally, UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Ten 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, the stock has a consensus rating of “Hold” and a consensus price target of $63.85.

Realty Income Trading Up 1.1 %

NYSE O opened at $57.50 on Friday. 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 current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $50.32 billion, a PE ratio of 54.76, a P/E/G ratio of 4.02 and a beta of 0.99. The company has a fifty day moving average of $60.87 and a 200 day moving average of $58.05.

Realty Income (NYSE:O) last posted its 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 for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $1.02 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis. Research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s dividend payout ratio is presently 300.95%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 6.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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.