Massmutual Trust Co. FSB ADV Acquires 524 Shares of Realty Income Co. (NYSE:O)

Massmutual Trust Co. FSB ADV grew its holdings in shares of Realty Income Co. (NYSE:O) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,858 shares of the real estate investment trust’s stock after purchasing an additional 524 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Realty Income were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of O. Campbell & CO Investment Adviser LLC bought a new position in Realty Income in the 4th quarter worth $785,000. The Manufacturers Life Insurance Company increased its holdings in shares of Realty Income by 6.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 574,569 shares of the real estate investment trust’s stock worth $32,992,000 after purchasing an additional 35,569 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of Realty Income by 22.6% during the 4th quarter. Rafferty Asset Management LLC now owns 97,098 shares of the real estate investment trust’s stock worth $5,575,000 after purchasing an additional 17,925 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Realty Income by 39.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 23,629 shares of the real estate investment trust’s stock worth $1,357,000 after purchasing an additional 6,630 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Realty Income by 190.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 92,038 shares of the real estate investment trust’s stock worth $5,285,000 after purchasing an additional 60,315 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $62.01 on Friday. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.60. The firm’s 50 day moving average is $61.34 and its 200-day moving average is $56.38. The firm has a market capitalization of $54.00 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 4.34 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 (NYSE:O) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. Sell-side analysts forecast that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

O has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective 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. Scotiabank upped their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Robert W. Baird upped their target price 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. Wedbush began coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $62.80.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the 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 directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Mary Hogan Preusse sold 1,712 shares of the 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 directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.