Realty Income Co. (NYSE:O) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of Realty Income Co. (NYSE:O) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 590,235 shares of the real estate investment trust’s stock after purchasing an additional 20,981 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.07% of Realty Income worth $37,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after acquiring an additional 6,673,617 shares during the period. Public Sector Pension Investment Board grew its position in Realty Income by 25.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 151,959 shares of the real estate investment trust’s stock worth $9,637,000 after purchasing an additional 30,678 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Realty Income by 5.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 595,033 shares of the real estate investment trust’s stock valued at $37,737,000 after purchasing an additional 33,043 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Realty Income by 71.9% during the third quarter. CreativeOne Wealth LLC now owns 29,529 shares of the real estate investment trust’s stock valued at $1,873,000 after buying an additional 12,351 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Realty Income by 4.3% during the third quarter. Glenmede Trust Co. NA now owns 20,391 shares of the real estate investment trust’s stock worth $1,293,000 after buying an additional 837 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on O. JPMorgan Chase & Co. raised their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. 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 note on Wednesday, November 6th. Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $60.00 in a research report on Thursday, November 14th. Finally, Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.85.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Trading Down 0.7 %

Shares of O opened at $57.89 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. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The stock has a market capitalization of $50.67 billion, a P/E ratio of 55.13, a P/E/G ratio of 4.10 and a beta of 0.99. The business’s 50-day moving average price is $60.36 and its 200 day moving average price is $58.17.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share 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 analysts’ expectations of $1.26 billion. During the same period last year, the business earned $1.02 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors 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 yield of 5.46%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s payout ratio is presently 300.96%.

Realty Income 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.