Blackhawk Capital Partners LLC. Sells 11,634 Shares of Realty Income Corporation (NYSE:O)

Blackhawk Capital Partners LLC. reduced its stake in Realty Income Corporation (NYSE:O - Free Report) by 24.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,815 shares of the real estate investment trust's stock after selling 11,634 shares during the period. Realty Income accounts for about 1.1% of Blackhawk Capital Partners LLC.'s investment portfolio, making the stock its 29th biggest holding. Blackhawk Capital Partners LLC.'s holdings in Realty Income were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lee Danner & Bass Inc. acquired a new stake in Realty Income in the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income in the fourth quarter worth approximately $29,000. PSI Advisors LLC lifted its position in Realty Income by 78.3% in 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. Millstone Evans Group LLC acquired a new stake in Realty Income in the fourth quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the fourth quarter worth approximately $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. 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 report on Monday, May 5th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, UBS Group decreased their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Down 0.9%

O stock traded down $0.51 during midday trading on Wednesday, hitting $56.98. 5,702,729 shares of the company's stock were exchanged, compared to its average volume of 5,250,379. The stock's fifty day moving average price is $56.76 and its 200-day moving average price is $55.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $51.46 billion, a PE ratio of 51.80, a price-to-earnings-growth ratio of 4.02 and a beta of 0.75. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio is presently 293.64%.

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.