SG Americas Securities LLC Has $6.99 Million Position in Realty Income Co. (NYSE:O)

SG Americas Securities LLC reduced its stake in shares of Realty Income Co. (NYSE:O) by 48.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,175 shares of the real estate investment trust’s stock after selling 105,510 shares during the quarter. SG Americas Securities LLC’s holdings in Realty Income were worth $6,987,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after acquiring an additional 20,848,560 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Realty Income by 76.6% in the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after purchasing an additional 1,460,884 shares in the last quarter. GRS Advisors LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at $58,843,000. Canada Pension Plan Investment Board boosted its stake in shares of Realty Income by 63.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust’s stock valued at $137,886,000 after purchasing an additional 1,010,876 shares in the last quarter. Finally, Cullen Capital Management LLC bought a new position in shares of Realty Income in the fourth quarter valued at about $56,076,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $62.01 on Friday. The business’s 50-day moving average price is $61.34 and its 200-day moving average price is $56.41. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.60. 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 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). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. Equities research analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed 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 represents a yield of 5%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the business’s 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 transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on 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 directly owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted 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. Stifel Nicolaus lifted their price target on Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday, August 28th. UBS Group boosted their price objective on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Wedbush began coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.80.

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.