International Assets Investment Management LLC Decreases Stake in Realty Income Co. (NYSE:O)

International Assets Investment Management LLC decreased its position in Realty Income Co. (NYSE:O) by 34.6% during the 2nd quarter, Holdings Channel reports. The firm owned 9,925 shares of the real estate investment trust’s stock after selling 5,247 shares during the period. International Assets Investment Management LLC’s holdings in Realty Income were worth $524,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in O. WASHINGTON TRUST Co grew its holdings in Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Realty Income by 1.5% during the first quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 199 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Realty Income by 0.6% in the second quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock worth $1,864,000 after purchasing an additional 199 shares during the last quarter. Optimum Investment Advisors increased its holdings in Realty Income by 11.1% during the 2nd quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 200 shares during the period. Finally, MeadowBrook Investment Advisors LLC raised its position in Realty Income by 3.4% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 200 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by insiders.

Realty Income Price Performance

Shares of O opened at $62.11 on Friday. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $62.41. The firm’s 50-day simple moving average is $57.53 and its two-hundred day simple moving average is $54.62. The stock has a market cap of $54.09 billion, a PE ratio of 57.51, a price-to-earnings-growth ratio of 4.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS. Analysts anticipate that Realty Income Co. will post 3.93 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be given a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio is presently 292.59%.

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Scotiabank lifted their target price on shares of Realty Income from $56.00 to $61.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Finally, Mizuho increased 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. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.02.

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.