Aptus Capital Advisors LLC Lowers Stock Holdings in Realty Income Co. (NYSE:O)

Aptus Capital Advisors LLC lowered its holdings in shares of Realty Income Co. (NYSE:O) by 18.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,519 shares of the real estate investment trust’s stock after selling 1,467 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Realty Income were worth $413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of O. Prime Capital Investment Advisors LLC increased its holdings in shares of Realty Income by 6.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 15,323 shares of the real estate investment trust’s stock valued at $972,000 after purchasing an additional 875 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Realty Income by 1.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,328,294 shares of the real estate investment trust’s stock valued at $274,500,000 after purchasing an additional 78,562 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Realty Income by 5.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,593 shares of the real estate investment trust’s stock worth $1,052,000 after acquiring an additional 894 shares during the last quarter. Patron Partners LLC increased its stake in Realty Income by 13.7% during the third quarter. Patron Partners LLC now owns 9,564 shares of the real estate investment trust’s stock worth $607,000 after acquiring an additional 1,153 shares during the last quarter. Finally, WealthPlan Investment Management LLC increased its stake in Realty Income by 2.9% during the third quarter. WealthPlan Investment Management LLC now owns 130,041 shares of the real estate investment trust’s stock worth $8,247,000 after acquiring an additional 3,712 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 48.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction 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 sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE O opened at $56.53 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $61.43 and its two-hundred day moving average is $57.96. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market capitalization of $49.48 billion, a price-to-earnings ratio of 53.84, a PEG ratio of 4.00 and a beta of 0.99.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. Research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.59%. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio is currently 300.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Royal Bank of Canada dropped their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Wedbush began coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.85.

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.