3,906 Shares in Realty Income Co. (NYSE:O) Purchased by Mattern Wealth Management LLC

Mattern Wealth Management LLC bought a new stake in Realty Income Co. (NYSE:O) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,906 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Other hedge funds have also made changes to their positions in the company. ZWJ Investment Counsel Inc. increased its position 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 worth $1,857,000 after purchasing an additional 164 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 166 shares during the period. Grove Bank & Trust lifted its holdings in shares of Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 176 shares during the last quarter. Buckley Wealth Management LLC increased its holdings in Realty Income by 1.9% in the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 176 shares during the last quarter. Finally, Founders Financial Securities LLC raised its position in Realty Income by 0.9% in the second quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock valued at $1,120,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.1 %

Shares of Realty Income stock traded down $0.08 during trading on Tuesday, hitting $63.71. 892,821 shares of the stock were exchanged, compared to its average volume of 5,678,702. The stock has a market cap of $55.48 billion, a price-to-earnings ratio of 58.85, a price-to-earnings-growth ratio of 4.32 and a beta of 0.99. 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 firm’s 50-day moving average price is $62.10 and its 200 day moving average price is $57.19. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. Realty Income’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. As a group, analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s payout ratio is 292.59%.

Analyst Upgrades and Downgrades

O has been the subject of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Wedbush began coverage on Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Stifel Nicolaus raised their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, Scotiabank upped their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.94.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on 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 directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was 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 at this hyperlink. In other Realty Income news, 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 transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.