Dearborn Partners LLC Has $4.64 Million Stake in Realty Income Corporation (NYSE:O)

Key Points

• Dearborn Partners LLC has reduced its stake in Realty Income Corporation by 15.7%, owning 79,896 shares worth approximately $4.64 million as of the latest quarter.
• Realty Income reported $1.06 earnings per share (EPS) for the most recent quarter, matching analysts' expectations, alongside a 9.5% year-over-year revenue increase to $1.31 billion.
• The company announced a dividend of $0.269 per share, resulting in a dividend yield of 5.7%, with a payout ratio of 293.64%.

Dearborn Partners LLC lessened its stake in Realty Income Corporation (NYSE:O - Free Report) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,896 shares of the real estate investment trust's stock after selling 14,878 shares during the period. Dearborn Partners LLC's holdings in Realty Income were worth $4,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. PSI Advisors LLC grew its position 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. Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $34,000. FSC Wealth Advisors LLC boosted its stake in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Realty Income in the fourth quarter worth $37,000. Finally, CVA Family Office LLC boosted its holdings in shares of Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 272 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the subject of several research reports. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. 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 increased 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 note on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Ten 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 has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Down 1.0%

NYSE O traded down $0.55 during trading on Wednesday, reaching $56.81. 3,836,923 shares of the stock traded hands, compared to its average volume of 4,804,722. The firm has a market cap of $51.30 billion, a price-to-earnings ratio of 51.65, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75. The stock's 50-day moving average price is $57.06 and its 200 day moving average price is $56.28. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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 company had revenue of $1.31 billion during 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 business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders 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 dividend yield of 5.7%. Realty Income's dividend payout ratio is 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.