AMF Tjanstepension AB Reduces Stake in Realty Income Corporation (NYSE:O)

AMF Tjanstepension AB lowered its holdings in Realty Income Corporation (NYSE:O - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,602 shares of the real estate investment trust's stock after selling 6,150 shares during the period. AMF Tjanstepension AB's holdings in Realty Income were worth $13,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of O. PSI Advisors LLC raised its holdings in shares of Realty Income by 78.3% in 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 in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at about $34,000. FSC Wealth Advisors LLC raised its holdings in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at about $37,000. Finally, CVA Family Office LLC raised its holdings in shares of Realty Income by 52.8% in the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

O opened at $57.15 on Friday. The stock's 50 day simple moving average is $57.20 and its 200 day simple moving average is $56.41. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm has a market cap of $51.61 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 3.99 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last posted 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 return on equity of 2.35% and a net margin of 16.77%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $1.07 earnings per share. Realty Income's revenue was up 5.3% compared to the same quarter last year. As a group, analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.269 per share. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

Wall Street Analysts Forecast Growth

O has been the topic of several recent analyst reports. Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Finally, UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $61.36.

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.

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