Realty Income Co. (NYSE:O) Shares Sold by Atticus Wealth Management LLC

Atticus Wealth Management LLC cut its stake in shares of Realty Income Co. (NYSE:O) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,017 shares of the real estate investment trust’s stock after selling 196 shares during the quarter. Atticus Wealth Management LLC’s holdings in Realty Income were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in O. American National Bank acquired a new stake in Realty Income in the 4th quarter valued at about $25,000. Vima LLC acquired a new stake in Realty Income in the 4th quarter valued at about $25,000. Baystate Wealth Management LLC grew its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares during the last quarter. CVA Family Office LLC acquired a new stake in Realty Income in the 4th quarter valued at about $29,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Realty Income in the 1st quarter valued at about $27,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Realty Income Trading Up 0.7 %

NYSE O traded up $0.39 during mid-day trading on Friday, hitting $52.82. The company’s stock had a trading volume of 8,379,400 shares, compared to its average volume of 5,095,532. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The stock’s fifty day simple moving average is $53.63 and its two-hundred day simple moving average is $54.12. 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 has a market capitalization of $45.99 billion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 4.60 and a beta of 0.94.

Realty Income (NYSE:O) last posted its quarterly earnings results 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 net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

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

Analysts Set New Price Targets

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

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.