Semmax Financial Advisors Inc. Lowers Position in Realty Income Co. (NYSE:O)

Semmax Financial Advisors Inc. trimmed its stake in shares of Realty Income Co. (NYSE:O) by 20.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,022 shares of the real estate investment trust’s stock after selling 267 shares during the period. Semmax Financial Advisors Inc.’s holdings in Realty Income were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of O. Captrust Financial Advisors grew its holdings in Realty Income by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 96,169 shares of the real estate investment trust’s stock valued at $6,099,000 after buying an additional 2,609 shares in the last quarter. William Allan Corp raised its holdings in shares of Realty Income by 3.9% during the 3rd quarter. William Allan Corp now owns 12,940 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 490 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Realty Income by 3.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 590,235 shares of the real estate investment trust’s stock valued at $37,431,000 after acquiring an additional 20,981 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after purchasing an additional 6,673,617 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in Realty Income by 25.3% in the third quarter. Public Sector Pension Investment Board now owns 151,959 shares of the real estate investment trust’s stock worth $9,637,000 after purchasing an additional 30,678 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O stock opened at $57.89 on Friday. The business has a 50-day simple moving average of $60.36 and a 200-day simple moving average of $58.20. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.67 billion, a PE ratio of 55.13, a price-to-earnings-growth ratio of 4.07 and a beta of 0.99. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings data 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). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 EPS. On average, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on O shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Scotiabank lifted their target price on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. UBS Group lowered their price target 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. Finally, Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $63.85.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The shares were 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

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.