Icon Wealth Advisors LLC Has $2.29 Million Stake in Realty Income Co. (NYSE:O)

Icon Wealth Advisors LLC decreased its position in Realty Income Co. (NYSE:O) by 1.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 36,170 shares of the real estate investment trust’s stock after selling 347 shares during the period. Icon Wealth Advisors LLC’s holdings in Realty Income were worth $2,294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in shares of Realty Income by 3.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 590,235 shares of the real estate investment trust’s stock valued at $37,431,000 after buying an additional 20,981 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Realty Income by 765.1% during 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 valued at $478,556,000 after buying an additional 6,673,617 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Realty Income by 25.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 151,959 shares of the real estate investment trust’s stock valued at $9,637,000 after buying an additional 30,678 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Realty Income by 5.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 595,033 shares of the real estate investment trust’s stock valued at $37,737,000 after buying an additional 33,043 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in shares of Realty Income by 71.9% during the 3rd 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 period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 1,712 shares of the 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 sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on O. Royal Bank of Canada decreased their target price 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. Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and cut their price target for the company from $64.00 to $60.00 in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Finally, UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Realty Income presently has an average rating of “Hold” and a consensus price target of $63.85.

Realty Income Stock Performance

NYSE O opened at $58.32 on Friday. The stock has a market cap of $51.04 billion, a P/E ratio of 55.54, a PEG ratio of 4.10 and a beta of 0.99. The company’s 50-day simple moving average is $60.44 and its 200 day simple moving average is $58.15. Realty Income Co. has a twelve month low of $50.65 and a twelve month 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.

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

Realty Income Increases Dividend

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