BI Asset Management Fondsmaeglerselskab A S Sells 6,815 Shares of Realty Income Corporation $O

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Realty Income Corporation by 21.2%, selling 6,815 shares and leaving it with 25,392 shares valued at approximately $1.47 million.
• Realty Income recently increased its monthly dividend to $0.269, up from $0.26, which represents an annualized yield of 5.4% as of the ex-dividend date.
• Analysts have set new price targets for Realty Income, with an average target of $61.82, reflecting a mix of neutral and buy ratings from various research firms.

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 21.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,392 shares of the real estate investment trust's stock after selling 6,815 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Realty Income were worth $1,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of Realty Income by 5.3% during the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Community Bank of Raymore boosted its position in shares of Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock worth $8,636,000 after purchasing an additional 24,467 shares in the last quarter. Invesco Ltd. boosted its position in shares of Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Realty Income during the 1st quarter worth about $1,470,000. Finally, Keyes Stange & Wooten Wealth Management LLC boosted its position in shares of Realty Income by 95.1% during the 1st quarter. Keyes Stange & Wooten Wealth Management LLC now owns 10,319 shares of the real estate investment trust's stock worth $599,000 after purchasing an additional 5,031 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Down 0.6%

NYSE:O opened at $59.5650 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 firm has a market cap of $54.46 billion, a price-to-earnings ratio of 57.83, a price-to-earnings-growth ratio of 4.58 and a beta of 0.76. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The firm has a 50-day moving average price of $57.52 and a two-hundred day moving average price of $56.66.

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 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. On average, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.269 dividend. This is a positive change from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.4%. Realty Income's dividend payout ratio (DPR) is 312.62%.

Analysts Set New Price Targets

A number of research firms recently weighed in on O. 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 report on Monday, May 5th. Barclays upped their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday. UBS Group upped their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Scotiabank upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $61.82.

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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