Calamos Advisors LLC Cuts Stake in Realty Income Co. (NYSE:O)

Calamos Advisors LLC reduced its stake in Realty Income Co. (NYSE:O) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,898 shares of the real estate investment trust’s stock after selling 10,655 shares during the period. Calamos Advisors LLC’s holdings in Realty Income were worth $15,418,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in O. CWA Asset Management Group LLC purchased a new stake in Realty Income during the 4th quarter valued at about $379,000. Texas Permanent School Fund Corp raised its position in shares of Realty Income by 15.0% during the 1st 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 purchasing an additional 22,440 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Realty Income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after acquiring an additional 51,574 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Realty Income by 17.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after buying an additional 171,166 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in 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 acquiring an additional 16,831 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Stifel Nicolaus lifted their price objective on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a report on Tuesday, August 6th. UBS Group boosted their price target 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 lifted their price target on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.73.

Realty Income Stock Up 1.0 %

O stock opened at $61.09 on Monday. Realty Income Co. has a one year low of $45.03 and a one year high of $61.60. The firm has a market cap of $53.20 billion, a PE ratio of 56.56, a PEG ratio of 5.05 and a beta of 0.96. The firm’s 50 day moving average price is $56.65 and its 200-day moving average price is $54.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83.

Realty Income (NYSE:O) last issued its quarterly earnings data 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). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The company also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s payout ratio is currently 291.67%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.