BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Lowers Stock Position in Realty Income Co. (NYSE:O)

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

A number of other large investors have also recently bought and sold shares of the business. Pacifica Partners Inc. grew its stake in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in Realty Income in the 2nd quarter valued at $33,000. Creative Capital Management Investments LLC raised its position in Realty Income by 133.3% during the 3rd 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 during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Realty Income in the 2nd quarter worth $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada reduced their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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 company’s 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 transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Stock Performance

Realty Income stock opened at $57.89 on Monday. 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 Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market cap 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 stock’s 50-day moving average is $60.36 and its 200-day moving average is $58.22.

Realty Income (NYSE:O) last announced 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 for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $1.02 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. Equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business 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 dividend of $0.2635 per share. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

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.