B. Riley Wealth Advisors Inc. Lowers Stake in Realty Income Co. (NYSE:O)

B. Riley Wealth Advisors Inc. lowered its stake in shares of Realty Income Co. (NYSE:O) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,399 shares of the real estate investment trust’s stock after selling 863 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Realty Income were worth $781,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. ZWJ Investment Counsel Inc. lifted its position in Realty Income by 0.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 164 shares during the period. Whittier Trust Co. lifted its holdings 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 buying an additional 166 shares during the period. Greenleaf Trust grew its holdings in Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after acquiring an additional 170 shares during the period. Grove Bank & Trust raised its position in Realty Income by 14.3% in the third 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 in the last quarter. Finally, Buckley Wealth Management LLC raised its position in Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 176 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Realty Income stock opened at $54.52 on Wednesday. The company has a market cap of $47.72 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 2.05 and a beta of 0.98. The firm has a 50 day moving average price of $58.75 and a 200 day moving average price of $58.43. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 2.35% and a net margin of 17.57%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. Sell-side analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This represents a yield of 5.7%. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income’s payout ratio is 300.96%.

Analyst Ratings Changes

O has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $63.23.

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.