Pacifica Partners Inc. Has $59,000 Holdings in Realty Income Co. (NYSE:O)

Pacifica Partners Inc. grew its position in Realty Income Co. (NYSE:O) by 89.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927 shares of the real estate investment trust’s stock after buying an additional 437 shares during the quarter. Pacifica Partners Inc.’s holdings in Realty Income were worth $59,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Prudential PLC grew its holdings in shares of Realty Income by 37.5% during the fourth quarter. Prudential PLC now owns 29,589 shares of the real estate investment trust’s stock valued at $1,699,000 after buying an additional 8,077 shares in the last quarter. Ossiam grew its stake in Realty Income by 10.8% during the 4th quarter. Ossiam now owns 25,555 shares of the real estate investment trust’s stock valued at $1,467,000 after acquiring an additional 2,493 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Realty Income by 9.8% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 61,882 shares of the real estate investment trust’s stock worth $3,553,000 after purchasing an additional 5,536 shares in the last quarter. XML Financial LLC acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $293,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $7,377,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.5 %

NYSE:O opened at $61.68 on Tuesday. The company’s 50 day moving average is $61.34 and its 200-day moving average is $56.43. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.60. The firm has a market cap of $53.71 billion, a price-to-earnings ratio of 57.11, a P/E/G ratio of 4.34 and a beta of 0.99.

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

Realty Income Increases Dividend

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

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’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 completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the business’s 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 sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research analyst reports. KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Scotiabank increased their price objective on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Robert W. Baird upped their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Ten 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, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.80.

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.