Cbre Investment Management Listed Real Assets LLC Decreases Position in Realty Income Corporation $O

Key Points

• Cbre Investment Management Listed Real Assets LLC has reduced its stake in Realty Income Corporation by 3.4%, now holding approximately 5 million shares valued at around $291 million.
• Realty Income recently announced an increase in its monthly dividend to $0.269, reflecting a dividend yield of 5.5%.
• Analysts have mixed opinions on Realty Income, with target prices ranging from $58.00 to $66.00 and a consensus rating of "Hold."

Cbre Investment Management Listed Real Assets LLC lowered its stake in Realty Income Corporation (NYSE:O - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,020,997 shares of the real estate investment trust's stock after selling 177,047 shares during the quarter. Realty Income comprises 4.5% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 4th biggest holding. Cbre Investment Management Listed Real Assets LLC owned 0.56% of Realty Income worth $291,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after buying an additional 19,965 shares during the period. Community Bank of Raymore raised its stake in 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 valued at $8,636,000 after purchasing an additional 24,467 shares during the period. Venture Visionary Partners LLC raised its stake in Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after purchasing an additional 8,297 shares during the period. Invesco Ltd. raised its stake in 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 valued at $662,589,000 after purchasing an additional 48,024 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Realty Income during the 1st quarter valued at approximately $1,470,000. Institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

O has been the topic of several recent analyst reports. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Scotiabank lifted their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.82.

Realty Income Stock Performance

NYSE:O opened at $58.8670 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The stock's 50 day simple moving average is $57.55 and its two-hundred day simple moving average is $56.70. The company has a market cap of $53.82 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 4.55 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $1.07 EPS. The business's revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued 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) dividend on an annualized basis and a dividend yield of 5.5%. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

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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