Semmax Financial Advisors Inc. Sells 51,671 Shares of Realty Income Co. (NYSE:O)

Semmax Financial Advisors Inc. cut its stake in Realty Income Co. (NYSE:O) by 95.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,681 shares of the real estate investment trust’s stock after selling 51,671 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Realty Income were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. SVB Wealth LLC lifted its holdings in Realty Income by 53.8% during the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 2,677 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $379,000. Texas Permanent School Fund Corp raised its position in shares of Realty Income by 15.0% during the first quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after buying an additional 22,440 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Realty Income by 4.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after buying an additional 51,574 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Realty Income by 5.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock valued at $18,987,000 after buying an additional 16,831 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.5 %

O traded up $0.29 on Thursday, reaching $57.72. The company’s stock had a trading volume of 3,568,398 shares, compared to its average volume of 6,078,690. The stock has a 50 day moving average of $54.16 and a two-hundred day moving average of $53.77. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $50.26 billion, a price-to-earnings ratio of 53.42, a P/E/G ratio of 5.08 and a beta of 0.96. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $60.69.

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

Realty Income Dividend Announcement

The company also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 292.59%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. KeyCorp started coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank increased their target price 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. Mizuho increased their target price 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. Finally, UBS Group increased their target price on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Nine 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 presently has a consensus rating of “Hold” and an average price target of $61.88.

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.