J.W. Cole Advisors Inc. Sells 1,282 Shares of Realty Income Co. (NYSE:O)

J.W. Cole Advisors Inc. trimmed its position in shares of Realty Income Co. (NYSE:O) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,177 shares of the real estate investment trust’s stock after selling 1,282 shares during the period. J.W. Cole Advisors Inc.’s holdings in Realty Income were worth $432,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vima LLC bought a new position in Realty Income in the 4th quarter worth $25,000. Pacifica Partners Inc. raised its stake in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Realty Income in the first quarter worth about $27,000. Bell Investment Advisors Inc lifted its holdings in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 217 shares during the period. Finally, Able Wealth Management LLC bought a new stake in Realty Income during the 4th quarter valued at approximately $32,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.3 %

Realty Income stock opened at $62.50 on Wednesday. Realty Income Co. has a one year low of $45.03 and a one year high of $63.39. The business’s fifty day moving average is $59.87 and its 200 day moving average is $55.52. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $54.42 billion, a PE ratio of 57.87, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O) last announced its quarterly 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 company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, sell-side analysts predict that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Increases Dividend

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

Insider Buying and Selling

In other 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s 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 in the company, valued at approximately $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on O. Wells Fargo & Company raised their target price on Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, August 26th. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Robert W. Baird boosted their target price 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. JPMorgan Chase & Co. increased their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Finally, KeyCorp assumed coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.59.

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.