International Assets Investment Management LLC Grows Position in Realty Income Co. (NYSE:O)

International Assets Investment Management LLC boosted its stake in Realty Income Co. (NYSE:O) by 2,938.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 301,572 shares of the real estate investment trust’s stock after purchasing an additional 291,647 shares during the quarter. International Assets Investment Management LLC’s holdings in Realty Income were worth $19,126,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Realty Income by 0.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 40,067 shares of the real estate investment trust’s stock worth $2,168,000 after purchasing an additional 255 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Realty Income by 15.0% during the first quarter. State of Michigan Retirement System now owns 227,848 shares of the real estate investment trust’s stock worth $12,327,000 after purchasing an additional 29,700 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Realty Income by 6.4% during the first quarter. SeaCrest Wealth Management LLC now owns 5,102 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 306 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Realty Income by 11.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,424,346 shares of the real estate investment trust’s stock worth $239,357,000 after purchasing an additional 451,708 shares during the period. Finally, Norden Group LLC acquired a new stake in shares of Realty Income during the first quarter worth $5,714,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

O opened at $60.41 on Wednesday. The stock has a market cap of $52.61 billion, a PE ratio of 55.94, a P/E/G ratio of 4.27 and a beta of 0.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.88. The stock’s 50 day simple moving average is $62.35 and its 200-day simple moving average is $57.59.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $1.00 earnings per share. Realty Income’s quarterly revenue was up 31.4% compared to the same quarter last year. Sell-side analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 5.1%. Realty Income’s payout ratio is currently 292.59%.

Analyst Ratings Changes

O has been the topic of a number of research reports. Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Robert W. Baird upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Stifel Nicolaus upped their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.94.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the company’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 completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.