Realty Income Co. (NYSE:O) Stock Holdings Decreased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in shares of Realty Income Co. (NYSE:O) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 145,303 shares of the real estate investment trust’s stock after selling 19,637 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Realty Income were worth $9,215,000 as of its most recent filing with the SEC.

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

Realty Income Stock Performance

O opened at $57.89 on Monday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a market capitalization of $50.67 billion, a price-to-earnings ratio of 55.13, a price-to-earnings-growth ratio of 4.07 and a beta of 0.99. The business has a 50 day moving average price of $60.36 and a two-hundred day moving average price of $58.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

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

Realty Income Increases Dividend

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

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction 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 in the company, valued at $1,663,313.82. The trade was a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on O shares. UBS Group lowered their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Robert W. Baird boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus dropped their price target 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. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.85.

About Realty Income

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.