Truvestments Capital LLC Sells 5,805 Shares of Realty Income Co. (NYSE:O)

Truvestments Capital LLC decreased its position in Realty Income Co. (NYSE:O) by 45.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,069 shares of the real estate investment trust’s stock after selling 5,805 shares during the period. Truvestments Capital LLC’s holdings in Realty Income were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC bought a new stake in Realty Income in the third quarter valued at approximately $896,000. Code Waechter LLC purchased a new position in shares of Realty Income in the 3rd quarter worth approximately $1,308,000. Charles Schwab Investment Management Inc. grew its position in Realty Income by 5.0% during the third 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 buying an additional 463,286 shares during the period. Swiss National Bank lifted its position in shares of Realty Income by 1.4% during 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 buying an additional 35,100 shares during the last quarter. Finally, Principal Financial Group Inc. boosted 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 worth $138,937,000 after buying an additional 74,185 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.0 %

NYSE O opened at $57.44 on Tuesday. Realty Income Co. has a 12 month low of $50.65 and a 12 month 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 firm’s 50-day moving average is $60.66 and its two-hundred day moving average is $58.13. The stock has a market capitalization of $50.27 billion, a P/E ratio of 54.70, a PEG ratio of 4.04 and a beta of 0.99.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates 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 for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 EPS. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.2635 dividend. This represents a $3.16 annualized dividend and a yield of 5.51%. The ex-dividend date is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.96%.

Analysts Set New Price Targets

Several research firms recently commented on O. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Mizuho cut 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 note on Thursday, November 14th. Robert W. Baird increased their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Royal Bank of Canada lowered their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Scotiabank boosted their price objective on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.85.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income 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 sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.