Wellington Management Group LLP Cuts Stake in Realty Income Co. (NYSE:O)

Wellington Management Group LLP lowered its stake in shares of Realty Income Co. (NYSE:O) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,177 shares of the real estate investment trust’s stock after selling 4,374 shares during the period. Wellington Management Group LLP’s holdings in Realty Income were worth $7,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Tucker Asset Management LLC grew its stake in Realty Income by 245.2% during the 4th quarter. Tucker Asset Management LLC now owns 1,643 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 1,167 shares in the last quarter. Fortis Group Advisors LLC grew its stake in Realty Income by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,900 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 950 shares in the last quarter. Vima LLC purchased a new stake in Realty Income during the 4th quarter valued at about $25,000. Scarborough Advisors LLC acquired a new position in Realty Income in the 4th quarter valued at about $39,000. Finally, American International Group Inc. boosted its holdings in Realty Income by 1.4% in the 4th quarter. American International Group Inc. now owns 189,837 shares of the real estate investment trust’s stock valued at $10,900,000 after purchasing an additional 2,581 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.7 %

NYSE O opened at $52.82 on Friday. 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 firm’s fifty day moving average price is $53.63 and its 200 day moving average price is $54.13. The company has a market capitalization of $45.99 billion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 4.58 and a beta of 0.94. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, 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 company also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Insider Transactions at Realty Income

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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

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

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.