CreativeOne Wealth LLC Has $1.87 Million Stock Holdings in Realty Income Co. (NYSE:O)

CreativeOne Wealth LLC increased its holdings in Realty Income Co. (NYSE:O) by 71.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,529 shares of the real estate investment trust’s stock after buying an additional 12,351 shares during the quarter. CreativeOne Wealth LLC’s holdings in Realty Income were worth $1,873,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in O. Pacifica Partners Inc. raised its position in Realty Income by 444.4% in the second 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 in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of 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 buying an additional 211 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Realty Income during the second quarter worth approximately $33,000. Creative Capital Management Investments LLC increased 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 buying an additional 300 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Realty Income during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction 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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $58.32 on Friday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a market cap of $51.04 billion, a PE ratio of 55.54, a PEG ratio of 4.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s 50 day moving average price is $60.44 and its two-hundred day moving average price is $58.15.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion during 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%. Realty Income’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 earnings per share. As a group, analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company 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 dividend of $0.2635 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.42%. This is a boost from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is currently 300.96%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on O shares. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. UBS Group dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Finally, Robert W. Baird increased their price target 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. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently 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.