Realty Income Co. (NYSE:O) Shares Sold by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. lessened its stake in Realty Income Co. (NYSE:O) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,427 shares of the real estate investment trust’s stock after selling 856 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Realty Income were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Realty Income by 2.8% during the second quarter. CWM LLC now owns 76,072 shares of the real estate investment trust’s stock worth $4,018,000 after buying an additional 2,037 shares during the period. Lantz Financial LLC acquired a new stake in shares of Realty Income during the second quarter worth about $234,000. Simplicity Wealth LLC boosted its stake in shares of Realty Income by 14.3% during the second quarter. Simplicity Wealth LLC now owns 25,859 shares of the real estate investment trust’s stock worth $1,366,000 after buying an additional 3,233 shares during the period. Pacifica Partners Inc. boosted its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Realty Income during the second quarter worth about $4,666,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price 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. Wedbush began coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. UBS Group cut their price target 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. Finally, Royal Bank of Canada cut their price target 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. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.85.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income 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 transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Realty Income Stock Up 0.3 %

O stock opened at $56.18 on Thursday. The company’s 50 day simple moving average is $59.99 and its 200-day simple moving average is $58.22. The firm has a market capitalization of $49.16 billion, a PE ratio of 53.50, a P/E/G ratio of 3.94 and a beta of 0.98. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. 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 (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. Equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 5.63%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio (DPR) is 300.96%.

About Realty Income

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.