11,673 Shares in Realty Income Co. (NYSE:O) Bought by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC acquired a new stake in shares of Realty Income Co. (NYSE:O) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,673 shares of the real estate investment trust’s stock, valued at approximately $740,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. ZWJ Investment Counsel Inc. lifted its holdings in shares of Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. increased its position in Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 166 shares in the last quarter. Greenleaf Trust increased its position in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 170 shares in the last quarter. Grove Bank & Trust raised its stake in Realty Income by 14.3% in the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC boosted its holdings in Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. UBS Group raised their price target on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Finally, Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.94.

Realty Income Price Performance

Shares of NYSE O opened at $63.31 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $55.13 billion, a price-to-earnings ratio of 58.62, a PEG ratio of 4.43 and a beta of 0.99. The firm’s 50 day simple moving average is $62.25 and its 200-day simple moving average is $57.31. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. Analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income 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 completion of the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.