Realty Income Co. (NYSE:O) Shares Sold by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC lowered its stake in Realty Income Co. (NYSE:O) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,694 shares of the real estate investment trust’s stock after selling 1,318 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Realty Income were worth $551,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Atlanta Consulting Group Advisors LLC acquired a new stake in Realty Income in the 3rd quarter valued at about $896,000. Code Waechter LLC acquired a new stake in Realty Income in the 3rd quarter valued at about $1,308,000. Swiss National Bank lifted its holdings in Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after acquiring an additional 463,286 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Realty Income by 3.5% in the 3rd 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 acquiring an additional 74,185 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income 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 transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on O shares. Royal Bank of Canada reduced their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $63.85.

Realty Income Price Performance

NYSE O opened at $57.45 on Friday. The company has a 50 day simple moving average of $60.76 and a 200-day simple moving average of $58.07. 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 firm has a market capitalization of $50.28 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 4.04 and a beta of 0.99. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 EPS. Equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a yield of 5.50%. The ex-dividend date is Monday, December 2nd. This is a positive change from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

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.