Nisa Investment Advisors LLC Cuts Stock Position in Realty Income Corporation $O

Nisa Investment Advisors LLC trimmed its position in Realty Income Corporation (NYSE:O) by 24.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,186 shares of the real estate investment trust’s stock after selling 79,300 shares during the period. Nisa Investment Advisors LLC’s holdings in Realty Income were worth $14,844,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income in the 2nd quarter worth $25,000. Heartwood Wealth Advisors LLC purchased a new position in Realty Income during the third quarter worth about $29,000. Avion Wealth lifted its position in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Realty Income in the second quarter valued at about $31,000. Finally, Country Trust Bank boosted its holdings in Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada increased their price objective on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Evercore ISI assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price target on the stock. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 price target on shares of Realty Income in a report on Thursday, December 18th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.23.

Realty Income Trading Down 0.2%

Shares of O stock opened at $58.16 on Friday. The stock has a market cap of $53.50 billion, a P/E ratio of 53.85, a P/E/G ratio of 3.75 and a beta of 0.80. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The business has a fifty day simple moving average of $57.09 and a 200-day simple moving average of $58.02.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is presently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.