Realty Income Co. (NYSE:O) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. decreased its stake in shares of Realty Income Co. (NYSE:O) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,923 shares of the real estate investment trust’s stock after selling 526 shares during the quarter. Sunbelt Securities Inc.’s holdings in Realty Income were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of O. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares during the last quarter. First Affirmative Financial Network increased its stake in shares of Realty Income by 2.1% in the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 201 shares during the period. Peapack Gladstone Financial Corp raised its holdings in shares of Realty Income by 0.3% during the fourth quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock worth $3,812,000 after purchasing an additional 204 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Realty Income by 0.6% during the fourth 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 purchasing an additional 207 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Realty Income by 24.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of a number of recent research reports. Mizuho lifted their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. UBS Group lowered their price objective on 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, KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.35.

Realty Income Stock Down 0.5 %

O opened at $52.43 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a market cap of $45.65 billion, a PE ratio of 48.55, a price-to-earnings-growth ratio of 4.58 and a beta of 0.94. The company has a 50-day moving average price of $53.63 and a 200 day moving average price of $54.15.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.98 EPS. Realty Income’s revenue was up 33.5% compared to the same quarter last year. Sell-side analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

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.