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Realty Income Corporation (NYSE:O) Shares Sold by Code Waechter LLC

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Code Waechter LLC decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 26.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,339 shares of the real estate investment trust's stock after selling 5,643 shares during the quarter. Code Waechter LLC's holdings in Realty Income were worth $890,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of O. Smith Moore & CO. increased its stake in Realty Income by 4.8% in the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after buying an additional 201 shares during the period. Kentucky Trust Co boosted its holdings in shares of Realty Income by 2.6% in the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after buying an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Realty Income by 1.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after buying an additional 241 shares in the last quarter. PSI Advisors LLC boosted its holdings in shares of 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. Finally, Buckley Wealth Management LLC boosted its holdings in shares of Realty Income by 2.7% in the 4th quarter. Buckley Wealth Management LLC now owns 9,708 shares of the real estate investment trust's stock valued at $519,000 after buying an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

NYSE O traded up $0.21 on Friday, hitting $57.14. 4,626,855 shares of the company's stock traded hands, compared to its average volume of 5,253,759. 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 1-year low of $50.71 and a 1-year high of $64.88. The firm's 50-day moving average price is $56.74 and its two-hundred day moving average price is $55.88. The firm has a market capitalization of $51.60 billion, a PE ratio of 51.95, a P/E/G ratio of 3.98 and a beta of 0.75.

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

Realty Income Announces Dividend

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

Analyst Ratings Changes

A number of analysts have recently weighed in on O shares. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Wedbush restated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target 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. UBS Group lowered their target price on shares of 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, Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $61.15.

Read Our Latest Report on Realty Income

About Realty Income

(Free Report)

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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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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