Realty Income Corporation (NYSE:O) Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Realty Income Corporation by 28.9%, selling 53,898 shares during the first quarter, leaving them with a total of 132,645 shares valued at approximately $7.7 million.
• Several institutional investors have recently adjusted their positions in Realty Income, with PSI Advisors LLC increasing their stake by 78.3% and FSC Wealth Advisors LLC increasing theirs by 288.0% during the same period.
• Realty Income announced a dividend of $0.269 per share, giving a very high dividend yield of 570.0%, with the payout scheduled for August 15th to stockholders of record on August 1st.

Atria Wealth Solutions Inc. lowered its holdings in Realty Income Corporation (NYSE:O - Free Report) by 28.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,645 shares of the real estate investment trust's stock after selling 53,898 shares during the period. Atria Wealth Solutions Inc.'s holdings in Realty Income were worth $7,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of O. Northern Trust Corp raised its stake in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after buying an additional 3,834,403 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Realty Income by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock worth $230,663,000 after purchasing an additional 110,694 shares during the last quarter. Royal Bank of Canada boosted its holdings in Realty Income by 6.5% in the fourth quarter. Royal Bank of Canada now owns 3,174,507 shares of the real estate investment trust's stock worth $169,551,000 after purchasing an additional 193,013 shares during the period. Lasalle Investment Management Securities LLC increased its stake in Realty Income by 8.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 2,432,712 shares of the real estate investment trust's stock valued at $129,931,000 after purchasing an additional 192,749 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Realty Income by 29.6% during the first quarter. Federated Hermes Inc. now owns 2,359,129 shares of the real estate investment trust's stock worth $136,853,000 after purchasing an additional 538,999 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of NYSE O traded up $0.24 during midday trading on Thursday, reaching $57.15. 5,053,716 shares of the company traded hands, compared to its average volume of 5,386,898. The stock has a 50-day moving average price of $57.20 and a 200 day moving average price of $56.41. The company 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. 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 52 week low of $50.71 and a 52 week high of $64.88.

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 for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.35% and a net margin of 16.77%. The company's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Analyst Upgrades and Downgrades

O has been the subject of a number of recent research reports. Wedbush reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. UBS Group dropped their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.36.

Realty Income Company 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.