Aspiriant LLC Trims Stock Position in Realty Income Co. (NYSE:O)

Aspiriant LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,927 shares of the real estate investment trust’s stock after selling 259 shares during the period. Aspiriant LLC’s holdings in Realty Income were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Baystate Wealth Management LLC boosted its stake in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. First Affirmative Financial Network lifted its stake in Realty Income by 2.1% in the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 201 shares in the last quarter. Peapack Gladstone Financial Corp lifted its stake in Realty Income by 0.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock valued at $3,812,000 after buying an additional 204 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Realty Income by 0.6% in the 4th quarter. 1832 Asset Management L.P. now owns 36,299 shares of the real estate investment trust’s stock valued at $2,084,000 after buying an additional 207 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Realty Income by 24.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Mizuho raised their price target on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. UBS Group lowered their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Scotiabank upped their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $61.35.

Realty Income Stock Performance

Realty Income stock opened at $52.65 on Thursday. The firm has a 50 day simple moving average of $53.60 and a 200-day simple moving average of $54.16. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $45.85 billion, a price-to-earnings ratio of 48.75, a price-to-earnings-growth ratio of 4.61 and a beta of 0.94.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The business’s revenue was up 33.5% compared to the same quarter last year. On average, analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.263 per share. The ex-dividend date is Monday, July 1st. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. This represents a yield of 6%. Realty Income’s dividend payout ratio is 291.67%.

Realty Income 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.