Harbour Investments Inc. Has $801,000 Position in Realty Income Co. (NYSE:O)

Harbour Investments Inc. decreased its holdings in shares of Realty Income Co. (NYSE:O) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,634 shares of the real estate investment trust’s stock after selling 609 shares during the quarter. Harbour Investments Inc.’s holdings in Realty Income were worth $801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in Realty Income by 48.4% during the first quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock worth $608,000 after acquiring an additional 3,663 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Realty Income by 15.3% during the first quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock worth $947,000 after purchasing an additional 2,321 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Realty Income by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 2,220 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Realty Income in the 1st quarter valued at $230,000. Finally, Banco Santander S.A. grew its holdings in Realty Income by 41.5% in the 1st quarter. Banco Santander S.A. now owns 18,672 shares of the real estate investment trust’s stock valued at $1,010,000 after buying an additional 5,478 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Realty Income Trading Up 0.8 %

Shares of NYSE O opened at $56.53 on Friday. The firm has a 50 day moving average price of $61.43 and a two-hundred day moving average price of $57.96. The stock has a market cap of $49.48 billion, a P/E ratio of 53.70, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $1.02 EPS. The company’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities analysts forecast 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. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a 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 300.96%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Robert W. Baird boosted 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. Stifel Nicolaus lowered their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and cut their target price for the company from $64.00 to $60.00 in a research report on Thursday. Finally, 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 report on Thursday. 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.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $63.85.

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.