Caprock Group LLC Boosts Stock Position in Realty Income Co. (NYSE:O)

Caprock Group LLC boosted its position in shares of Realty Income Co. (NYSE:O) by 28.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,687 shares of the real estate investment trust’s stock after acquiring an additional 1,904 shares during the period. Caprock Group LLC’s holdings in Realty Income were worth $551,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at $896,000. Code Waechter LLC purchased a new stake in Realty Income in the 3rd quarter worth $1,308,000. Swiss National Bank raised its holdings in Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares during the period. Principal Financial Group Inc. lifted its position in shares of Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after acquiring an additional 74,185 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Realty Income by 6.5% in the third quarter. Natixis Advisors LLC now owns 302,343 shares of the real estate investment trust’s stock worth $19,175,000 after acquiring an additional 18,409 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on O shares. Robert W. Baird boosted their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Wedbush began coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. JPMorgan Chase & Co. increased their price objective 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, Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Ten equities research 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 stock currently has an average rating of “Hold” and a consensus target price of $63.85.

Realty Income Trading Up 0.1 %

O stock opened at $57.45 on Friday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a market capitalization of $50.28 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 4.02 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 firm’s fifty day simple moving average is $60.76 and its two-hundred day simple moving average is $58.07.

Realty Income (NYSE:O) last posted its quarterly earnings data 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). 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 company earned $1.02 earnings per share. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.2635 dividend. This represents a $3.16 annualized dividend and a yield of 5.50%. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

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.