Avestar Capital LLC Purchases 235 Shares of Realty Income Co. (NYSE:O)

Avestar Capital LLC raised its position in shares of Realty Income Co. (NYSE:O) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,192 shares of the real estate investment trust’s stock after purchasing an additional 235 shares during the period. Avestar Capital LLC’s holdings in Realty Income were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of O. Brooklyn Investment Group bought a new position in shares of Realty Income in the 3rd quarter worth $270,000. D.A. Davidson & CO. raised its position in shares of Realty Income by 1.7% in the 3rd quarter. D.A. Davidson & CO. now owns 227,873 shares of the real estate investment trust’s stock worth $14,452,000 after acquiring an additional 3,894 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Realty Income by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust’s stock worth $39,414,000 after acquiring an additional 18,804 shares in the last quarter. Bank of Montreal Can raised its position in shares of Realty Income by 102.1% in the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after acquiring an additional 1,107,493 shares in the last quarter. Finally, Capital Square LLC increased its position in Realty Income by 8.6% during the 3rd quarter. Capital Square LLC now owns 51,745 shares of the real estate investment trust’s stock valued at $3,282,000 after buying an additional 4,085 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Realty Income 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 transaction of $107,136.96. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on O shares. Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. 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. Robert W. Baird upped their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Wedbush assumed coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $63.85.

Realty Income Stock Up 1.0 %

Shares of O opened at $58.32 on Thursday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. 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 market capitalization of $51.04 billion, a price-to-earnings ratio of 55.54, a PEG ratio of 4.04 and a beta of 0.99. The stock’s 50-day moving average price is $60.48 and its 200-day moving average price is $58.15.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 EPS. On average, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 5.42%. This is an increase from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio is currently 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.