V Square Quantitative Management LLC Sells 1,173 Shares of Realty Income Co. (NYSE:O)

V Square Quantitative Management LLC reduced its position in shares of Realty Income Co. (NYSE:O) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,849 shares of the real estate investment trust’s stock after selling 1,173 shares during the period. V Square Quantitative Management LLC’s holdings in Realty Income were worth $784,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after buying an additional 20,848,560 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Realty Income by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after purchasing an additional 227,621 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Realty Income by 2.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after purchasing an additional 196,635 shares in the last quarter. Norges Bank bought a new stake in Realty Income during the 4th quarter worth about $506,526,000. Finally, APG Asset Management US Inc. grew its holdings in Realty Income by 10.4% during the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after acquiring an additional 771,313 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE O remained flat at $60.31 during midday trading on Wednesday. 2,171,811 shares of the stock were exchanged, compared to its average volume of 6,117,077. The company has a market cap of $52.52 billion, a PE ratio of 55.94, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $61.60. The stock has a fifty day simple moving average of $55.49 and a 200 day simple moving average of $53.97. 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 announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. As a group, equities analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is presently 291.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group raised 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. KeyCorp started coverage on shares of Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Mizuho lifted their price objective 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. Finally, Scotiabank lifted their price objective 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. Ten 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 currently has an average rating of “Hold” and a consensus price target 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.