Wolverine Asset Management LLC Sells 21,127 Shares of Realty Income Co. (NYSE:O)

Wolverine Asset Management LLC lowered its holdings in shares of Realty Income Co. (NYSE:O) by 78.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,711 shares of the real estate investment trust’s stock after selling 21,127 shares during the period. Wolverine Asset Management LLC’s holdings in Realty Income were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacifica Partners Inc. raised its position in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in Realty Income in the second quarter worth about $33,000. Creative Capital Management Investments LLC lifted its stake in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Realty Income during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

O opened at $56.91 on Thursday. 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 12-month low of $50.65 and a 12-month high of $64.88. The company has a market cap of $49.81 billion, a price-to-earnings ratio of 54.51, a PEG ratio of 4.01 and a beta of 0.99. The company’s 50 day moving average is $61.67 and its 200 day moving average is $57.98.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $1.02 EPS. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, equities research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.2635 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Monday, December 2nd. This is a positive change from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio is presently 300.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on O shares. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank boosted their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. increased their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada decreased their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price 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.