Realty Income Corporation (NYSE:O) Stock Position Cut by Core Alternative Capital

Core Alternative Capital trimmed its position in Realty Income Corporation (NYSE:O - Free Report) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,624 shares of the real estate investment trust's stock after selling 21,653 shares during the period. Realty Income makes up about 1.3% of Core Alternative Capital's holdings, making the stock its 29th biggest position. Core Alternative Capital's holdings in Realty Income were worth $5,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income during the fourth quarter worth about $29,000. PSI Advisors LLC raised its position in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Realty Income during the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter worth about $34,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.5%

O traded down $0.26 during trading on Tuesday, hitting $57.27. The company had a trading volume of 1,870,997 shares, compared to its average volume of 5,234,426. The company has a market cap of $51.72 billion, a PE ratio of 52.06, a P/E/G ratio of 4.04 and a beta of 0.75. The business has a 50-day moving average of $56.76 and a 200-day moving average of $55.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

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

Realty Income Increases Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a boost from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 293.64%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Mizuho lifted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. UBS Group cut their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Scotiabank boosted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus target price of $61.15.

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.