Realty Income Co. (NYSE:O) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its stake in shares of Realty Income Co. (NYSE:O) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,303 shares of the real estate investment trust’s stock after selling 1,227 shares during the period. Moors & Cabot Inc.’s holdings in Realty Income were worth $1,231,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in O. CWA Asset Management Group LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $379,000. Texas Permanent School Fund Corp grew its holdings in shares of Realty Income by 15.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock worth $9,301,000 after purchasing an additional 22,440 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after purchasing an additional 51,574 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Realty Income by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after buying an additional 171,166 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Realty Income by 5.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock valued at $18,987,000 after buying an additional 16,831 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.5 %

NYSE O opened at $62.17 on Thursday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.39. The firm has a 50 day moving average of $60.05 and a two-hundred day moving average of $55.57. The stock has a market capitalization of $54.14 billion, a PE ratio of 57.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. As a group, research analysts expect that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $0.2635 dividend. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. The ex-dividend date is Tuesday, October 1st. Realty Income’s dividend payout ratio is currently 292.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on O shares. JPMorgan Chase & Co. boosted their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Wedbush began coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Stifel Nicolaus raised their target price on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Scotiabank boosted 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. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.59.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred 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 owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

About Realty Income

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.