Larson Financial Group LLC Grows Holdings in Realty Income Co. (NYSE:O)

Larson Financial Group LLC raised its position in shares of Realty Income Co. (NYSE:O) by 62.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,832 shares of the real estate investment trust’s stock after purchasing an additional 3,407 shares during the quarter. Larson Financial Group LLC’s holdings in Realty Income were worth $560,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC increased its stake in Realty Income by 34.7% in the 1st quarter. Lazard Asset Management LLC now owns 12,788 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 3,297 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Realty Income by 17.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock worth $61,208,000 after purchasing an additional 171,166 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Realty Income by 18.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 118,761 shares of the real estate investment trust’s stock valued at $6,425,000 after purchasing an additional 18,574 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in Realty Income by 12.8% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 8,736 shares of the real estate investment trust’s stock worth $473,000 after purchasing an additional 992 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Realty Income by 6.8% in the 1st quarter. Janus Henderson Group PLC now owns 102,180 shares of the real estate investment trust’s stock worth $5,527,000 after purchasing an additional 6,503 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred 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 $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Down 0.0 %

NYSE O opened at $57.44 on Tuesday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm has a market capitalization of $50.27 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 4.04 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $60.66 and a two-hundred day moving average of $58.13.

Realty Income (NYSE:O) last announced its quarterly earnings data 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $1.02 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a dividend yield of 5.51%. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is 300.96%.

Analyst Ratings Changes

Several research firms have recently issued reports on O. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Royal Bank of Canada reduced their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Scotiabank increased their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Tuesday, September 17th. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Robert W. Baird increased their price target on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Realty Income has a consensus rating of “Hold” and an average price target of $63.85.

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.