Perkins Coie Trust Co Boosts Stock Holdings in Realty Income Co. (NYSE:O)

Perkins Coie Trust Co lifted its holdings in shares of Realty Income Co. (NYSE:O) by 142.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,059 shares of the real estate investment trust’s stock after purchasing an additional 22,955 shares during the period. Perkins Coie Trust Co’s holdings in Realty Income were worth $2,477,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Realty Income during the 3rd quarter worth $63,000. Hoxton Planning & Management LLC bought a new stake in Realty Income in the 3rd quarter valued at about $247,000. Brookstone Capital Management raised its stake in Realty Income by 0.4% in the 3rd quarter. Brookstone Capital Management now owns 201,507 shares of the real estate investment trust’s stock valued at $12,780,000 after acquiring an additional 722 shares during the period. Atomi Financial Group Inc. raised its stake in Realty Income by 43.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 6,236 shares of the real estate investment trust’s stock valued at $395,000 after acquiring an additional 1,888 shares during the period. Finally, Park Place Capital Corp raised its stake in Realty Income by 11.6% in the 3rd quarter. Park Place Capital Corp now owns 6,230 shares of the real estate investment trust’s stock valued at $395,000 after acquiring an additional 648 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE:O remained flat at $61.51 during trading on Wednesday. The stock had a trading volume of 259,277 shares, compared to its average volume of 5,783,691. The stock has a market capitalization of $53.56 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $63.60. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $61.47 and its two-hundred day simple moving average is $56.56.

Realty Income (NYSE:O) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. Realty Income’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. On average, sell-side analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.2635 dividend. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Wall Street Analyst Weigh In

O has been the topic of a number of research reports. 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. Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. KeyCorp started coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Stifel Nicolaus upped their price target on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, UBS Group upped their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $62.80.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on 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 transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was 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 of the company’s stock, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

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.