Blackhawk Capital Partners LLC. Cuts Stock Holdings in Realty Income Corporation (NYSE:O)

Blackhawk Capital Partners LLC. decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 24.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,815 shares of the real estate investment trust's stock after selling 11,634 shares during the quarter. Realty Income makes up 1.1% of Blackhawk Capital Partners LLC.'s holdings, making the stock its 29th biggest position. Blackhawk Capital Partners LLC.'s holdings in Realty Income were worth $2,078,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new position in Realty Income in the 4th quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income in the 4th quarter valued at $29,000. PSI Advisors LLC grew its holdings in 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 buying an additional 252 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Realty Income in the 4th quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on O. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. UBS Group dropped their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Mizuho boosted their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Nine 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Up 0.4%

O stock traded up $0.21 during mid-day trading on Friday, reaching $57.14. The company's stock had a trading volume of 4,626,855 shares, compared to its average volume of 5,253,840. The company has a market cap of $51.60 billion, a price-to-earnings ratio of 51.95, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75. The business's 50 day moving average price is $56.74 and its 200 day moving average price is $55.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's payout ratio is 293.64%.

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.