Weaver C. Barksdale & Associates Inc. Decreases Stock Holdings in Realty Income Co. (NYSE:O)

Weaver C. Barksdale & Associates Inc. lessened its stake in shares of Realty Income Co. (NYSE:O) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,787 shares of the real estate investment trust’s stock after selling 569 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in Realty Income were worth $1,732,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in Realty Income by 25.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 89,018 shares of the real estate investment trust’s stock valued at $5,111,000 after acquiring an additional 17,806 shares during the last quarter. Assetmark Inc. increased its position in shares of Realty Income by 11.2% during the 4th quarter. Assetmark Inc. now owns 43,231 shares of the real estate investment trust’s stock valued at $2,482,000 after purchasing an additional 4,368 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Realty Income by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 804,167 shares of the real estate investment trust’s stock valued at $46,175,000 after purchasing an additional 2,365 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Realty Income by 158.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 691 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 424 shares during the period. Finally, Tidemark LLC purchased a new position in shares of Realty Income in the fourth quarter worth approximately $111,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Scotiabank raised their target price on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company increased their price objective on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. Finally, UBS Group increased their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.59.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction 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 directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’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 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. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Down 2.4 %

NYSE O opened at $60.69 on Friday. The stock has a 50 day moving average price of $60.16 and a 200-day moving average price of $55.60. Realty Income Co. has a one year low of $45.03 and a one year high of $63.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $52.85 billion, a P/E ratio of 56.19, a P/E/G ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, equities analysts predict that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

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

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.