22,251 Shares in Realty Income Co. (NYSE:O) Acquired by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in shares of Realty Income Co. (NYSE:O) in the third quarter, HoldingsChannel reports. The institutional investor purchased 22,251 shares of the real estate investment trust’s stock, valued at approximately $1,411,000.

Several other hedge funds also recently modified their holdings of O. Rosenberg Matthew Hamilton raised its holdings in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Realty Income in the second quarter worth approximately $33,000. Creative Capital Management Investments LLC increased its holdings in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Realty Income during the 2nd quarter valued at $42,000. Finally, Headlands Technologies LLC bought a new stake in shares of Realty Income during the 2nd quarter worth $42,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Scotiabank boosted 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 assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday. They issued a “hold” rating and a $62.00 target price on the stock. Finally, Royal Bank of Canada reduced their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.58.

Realty Income Stock Up 0.4 %

Realty Income stock opened at $55.34 on Friday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $48.43 billion, a PE ratio of 52.71, a P/E/G ratio of 3.89 and a beta of 0.98. The firm’s 50 day moving average price is $59.03 and its two-hundred day moving average price is $58.35.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $1.02 earnings per share. The company’s revenue was up 28.1% compared to the same quarter last year. On average, research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.264 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 300.96%.

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.