Raymond James & Associates Has $410.93 Million Holdings in Realty Income Co. (NYSE:O)

Raymond James & Associates boosted its holdings in Realty Income Co. (NYSE:O) by 92.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,479,542 shares of the real estate investment trust’s stock after acquiring an additional 3,112,560 shares during the quarter. Raymond James & Associates owned 0.74% of Realty Income worth $410,932,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Realty Income by 9.8% during the 3rd quarter. Blue Trust Inc. now owns 25,422 shares of the real estate investment trust’s stock worth $1,612,000 after acquiring an additional 2,266 shares during the last quarter. Moss Adams Wealth Advisors LLC bought a new position in shares of Realty Income during the third quarter valued at about $218,000. Stratos Wealth Partners LTD. boosted its holdings in Realty Income by 8.0% during the third quarter. Stratos Wealth Partners LTD. now owns 100,290 shares of the real estate investment trust’s stock worth $6,360,000 after purchasing an additional 7,446 shares during the last quarter. Aspiriant LLC bought a new stake in Realty Income in the 3rd quarter worth about $212,000. Finally, V Square Quantitative Management LLC increased its stake in Realty Income by 9.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 16,287 shares of the real estate investment trust’s stock valued at $1,033,000 after buying an additional 1,438 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’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 sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Realty Income 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 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 $1,663,313.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction 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 approximately $319,467.89. This trade 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on O shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.94.

Realty Income Stock Performance

Shares of NYSE O traded up $0.75 during mid-day trading on Friday, hitting $64.71. The company had a trading volume of 3,406,723 shares, compared to its average volume of 4,871,949. The stock’s 50-day moving average price is $62.03 and its 200-day moving average price is $57.05. The company has a market capitalization of $56.35 billion, a price-to-earnings ratio of 59.91, a P/E/G 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 1 year low of $45.03 and a 1 year high of $64.76.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently declared a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

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.