D.A. Davidson & CO. Purchases 3,894 Shares of Realty Income Co. (NYSE:O)

D.A. Davidson & CO. boosted its position in shares of Realty Income Co. (NYSE:O) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,873 shares of the real estate investment trust’s stock after purchasing an additional 3,894 shares during the period. D.A. Davidson & CO.’s holdings in Realty Income were worth $14,452,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in shares of Realty Income by 3.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 621,476 shares of the real estate investment trust’s stock worth $39,414,000 after buying an additional 18,804 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after buying an additional 1,107,493 shares during the last quarter. Capital Square LLC boosted its stake in shares of Realty Income by 8.6% during the 3rd quarter. Capital Square LLC now owns 51,745 shares of the real estate investment trust’s stock worth $3,282,000 after buying an additional 4,085 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Realty Income by 12.3% during the 3rd quarter. Private Trust Co. NA now owns 10,187 shares of the real estate investment trust’s stock worth $646,000 after buying an additional 1,112 shares during the last quarter. Finally, Diversified LLC acquired a new position in shares of Realty Income during the 3rd quarter worth about $203,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the business’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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on O shares. Robert W. Baird raised 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. Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Stifel Nicolaus reduced their price target on Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Wedbush began coverage on Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Finally, UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Ten equities research 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, Realty Income presently has a consensus rating of “Hold” and an average target price of $63.85.

Realty Income Trading Up 0.5 %

Shares of NYSE:O opened at $57.74 on Wednesday. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a market cap of $50.53 billion, a PE ratio of 54.99, a P/E/G ratio of 4.04 and a beta of 0.99. The business has a 50 day moving average of $60.56 and a 200-day moving average of $58.15. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities research analysts forecast 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 given a $0.2635 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.48%. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s payout ratio is presently 300.96%.

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.