1832 Asset Management L.P. Has $1.95 Million Stock Position in Realty Income Corporation $O

Key Points

• 1832 Asset Management L.P. has reduced its stake in Realty Income Corporation by 19.8%, selling 8,302 shares, and now holds 33,558 shares valued at approximately $1.95 million.
• Realty Income's recent quarterly earnings report showed an EPS of $1.05, missing expectations slightly, while revenue increased by 5.3% year-over-year to $1.34 billion.
• The company announced an increase in its monthly dividend to $0.269 per share, offering a dividend yield of 5.5%, with payment set for September 15th.

1832 Asset Management L.P. decreased its position in Realty Income Corporation (NYSE:O - Free Report) by 19.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,558 shares of the real estate investment trust's stock after selling 8,302 shares during the quarter. 1832 Asset Management L.P.'s holdings in Realty Income were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new position in shares of Realty Income during the 1st quarter worth $26,000. PSI Advisors LLC increased its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC lifted its holdings in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of Realty Income in the fourth quarter worth approximately $34,000. Finally, Orion Capital Management LLC purchased a new stake in Realty Income in the fourth quarter valued at approximately $37,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.9%

Shares of NYSE:O traded up $0.51 during midday trading on Friday, hitting $58.64. The company had a trading volume of 2,277,287 shares, compared to its average volume of 5,526,280. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $53.61 billion, a price-to-earnings ratio of 56.95, a PEG ratio of 4.48 and a beta of 0.76. The firm has a fifty day simple moving average of $57.61 and a 200 day simple moving average of $56.81. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.269 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.5%. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is presently 313.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Scotiabank upped their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday. Barclays increased their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $62.00.

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.