Realty Income Co. (NYSE:O) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd reduced its position in Realty Income Co. (NYSE:O) by 33.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,479 shares of the real estate investment trust’s stock after selling 9,275 shares during the quarter. Vinva Investment Management Ltd’s holdings in Realty Income were worth $1,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 worth $478,556,000 after acquiring an additional 6,673,617 shares in the last quarter. Public Sector Pension Investment Board lifted its position in 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 worth $9,637,000 after acquiring an additional 30,678 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 worth $37,737,000 after purchasing an additional 33,043 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in 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 worth $1,873,000 after purchasing an additional 12,351 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Realty Income by 4.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 20,391 shares of the real estate investment trust’s stock worth $1,293,000 after purchasing an additional 837 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’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 transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $57.89 on Friday. The firm’s 50 day moving average is $60.36 and its two-hundred day moving average is $58.17. The firm has a market capitalization of $50.67 billion, a P/E ratio of 55.13, a PEG ratio of 4.10 and a beta of 0.99. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last released its quarterly 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 for 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 quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the firm posted $1.02 EPS. Analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.2635 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.96%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Morgan Stanley restated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada lowered their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.85.

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.