Baugh & Associates LLC Has $3.93 Million Stock Holdings in Realty Income Corporation $O

Key Points

• Baugh & Associates LLC has reduced its holdings in Realty Income Corporation by 5.8%, now owning 73,278 shares worth approximately $3.93 million.
• Realty Income is witnessing increased interest from institutional investors, with 70.81% of its shares owned by these entities and significant stakes raised by the likes of Vanguard Group Inc. and Dimensional Fund Advisors LP.
• The company announced a new monthly dividend of $0.2695, reflecting a yield of 5.5%, an increase from its previous dividend payout.

Baugh & Associates LLC lessened its stake in Realty Income Corporation (NYSE:O - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,278 shares of the real estate investment trust's stock after selling 4,505 shares during the period. Realty Income comprises approximately 2.0% of Baugh & Associates LLC's investment portfolio, making the stock its 25th largest holding. Baugh & Associates LLC's holdings in Realty Income were worth $3,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of O. Keystone Global Partners LLC acquired a new stake in Realty Income during the 1st quarter valued at approximately $26,000. PSI Advisors LLC raised its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC lifted its position 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 buying an additional 455 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of Realty Income by 87.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 303 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.2%

O traded up $0.10 during midday trading on Friday, hitting $59.21. 12,675,505 shares of the company were exchanged, compared to its average volume of 5,386,597. The firm has a market capitalization of $54.14 billion, a P/E ratio of 57.49, a P/E/G ratio of 4.52 and a beta of 0.77. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The firm's 50 day moving average price is $58.17 and its 200-day moving average price is $57.16. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last posted 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 company had revenue of $1.34 billion during 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 for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. This is a boost from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income's dividend payout ratio is 313.59%.

Wall Street Analysts Forecast Growth

O has been the topic of several analyst reports. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Scotiabank boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays upped their target price 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. Finally, Mizuho boosted their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $62.36.

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.