Aew Capital Management L P Cuts Stock Position in Realty Income Corporation $O

Key Points

• Aew Capital Management L P reduced its stake in Realty Income Corporation by 3.9% during the first quarter, now holding approximately 1,541,738 shares worth about $89 million.
• Shareholders will receive a monthly dividend increase to $0.269, reflecting a 5.5% yield and marking a raise from the previous $0.26 dividend.
• The stock has a consensus rating of "Hold" with an average target price of around $61.82, after recent downgrades and target price adjustments from several analysts.

Aew Capital Management L P trimmed its holdings in Realty Income Corporation (NYSE:O - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,541,738 shares of the real estate investment trust's stock after selling 62,020 shares during the period. Realty Income accounts for approximately 4.4% of Aew Capital Management L P's holdings, making the stock its 8th largest position. Aew Capital Management L P owned about 0.17% of Realty Income worth $89,436,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its position in Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after buying an additional 615 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Realty Income by 84.4% during the 4th quarter. First Trust Advisors LP now owns 363,921 shares of the real estate investment trust's stock worth $19,437,000 after acquiring an additional 166,575 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Realty Income by 1.9% during the 4th quarter. MML Investors Services LLC now owns 107,010 shares of the real estate investment trust's stock valued at $5,715,000 after acquiring an additional 2,013 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Realty Income by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock valued at $230,663,000 after acquiring an additional 110,694 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Realty Income by 11.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 792,700 shares of the real estate investment trust's stock valued at $42,338,000 after acquiring an additional 81,800 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on O shares. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus lifted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Barclays upped their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.82.

Realty Income Stock Down 1.2%

Shares of O opened at $58.8670 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a 50-day simple moving average of $57.55 and a 200-day simple moving average of $56.70. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The firm has a market capitalization of $53.82 billion, a P/E ratio of 57.15, a P/E/G ratio of 4.55 and a beta of 0.76.

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

Realty Income Increases Dividend

The company also recently announced 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. 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. The ex-dividend date of this dividend is Tuesday, September 2nd. Realty Income's dividend payout ratio (DPR) is 313.59%.

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.

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