JBR Co Financial Management Inc Lowers Stock Holdings in Realty Income Co. (NYSE:O)

JBR Co Financial Management Inc cut its stake in shares of Realty Income Co. (NYSE:O) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,953 shares of the real estate investment trust’s stock after selling 1,108 shares during the period. JBR Co Financial Management Inc’s holdings in Realty Income were worth $579,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wedmont Private Capital acquired a new stake in shares of Realty Income in the 2nd quarter worth $218,000. Alpha Cubed Investments LLC lifted its position in Realty Income by 6.1% in the second quarter. Alpha Cubed Investments LLC now owns 17,642 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 1,013 shares during the period. Signature Wealth Management Group boosted its holdings in Realty Income by 0.8% in the 2nd quarter. Signature Wealth Management Group now owns 74,617 shares of the real estate investment trust’s stock valued at $3,941,000 after purchasing an additional 593 shares in the last quarter. Diligent Investors LLC increased its position in Realty Income by 2.5% during the 2nd quarter. Diligent Investors LLC now owns 19,236 shares of the real estate investment trust’s stock worth $1,016,000 after purchasing an additional 476 shares during the period. Finally, RFG Advisory LLC raised its stake in shares of Realty Income by 2.9% during the 2nd quarter. RFG Advisory LLC now owns 32,868 shares of the real estate investment trust’s stock worth $1,736,000 after buying an additional 929 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of O remained flat at $60.31 during trading hours on Tuesday. The company had a trading volume of 4,224,515 shares, compared to its average volume of 6,142,506. The company has a market cap of $52.52 billion, a PE ratio of 56.06, a PEG ratio of 5.05 and a beta of 0.96. The company’s fifty day moving average price is $55.37 and its two-hundred day moving average price is $53.94. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $61.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share. Research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 291.67%.

Analyst Ratings Changes

A number of brokerages recently weighed in on O. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Scotiabank increased their price target 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. KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Stifel Nicolaus increased their target price on shares of Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Robert W. Baird lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.57.

About Realty Income

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.