Dupree Financial Group LLC Sells 26,331 Shares of Realty Income Corporation $O

Key Points

• Dupree Financial Group LLC reduced its stake in Realty Income Corporation by 18.0%, selling 26,331 shares to own 119,642 shares, which represent about 2.7% of its investment portfolio.
• Realty Income announced a monthly dividend of $0.2695 per share, with a payout ratio of 313.59% and a dividend yield of 5.3%, to be paid on November 14th.
• The company reported earnings of $1.05 per share for the last quarter, missing estimates by $0.01, while revenue increased 5.3% year-over-year to $1.34 billion.

Dupree Financial Group LLC lowered its position in Realty Income Corporation (NYSE:O - Free Report) by 18.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,642 shares of the real estate investment trust's stock after selling 26,331 shares during the quarter. Realty Income makes up about 2.7% of Dupree Financial Group LLC's investment portfolio, making the stock its 13th largest holding. Dupree Financial Group LLC's holdings in Realty Income were worth $6,893,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of O. Compagnie Lombard Odier SCmA bought a new position in Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the first quarter valued at approximately $26,000. Hilltop National Bank acquired a new stake in shares of Realty Income in the second quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 303 shares during the period. Finally, ST Germain D J Co. Inc. increased its holdings in shares of Realty Income by 309.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 757 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 572 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

O stock opened at $60.64 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market cap of $55.44 billion, a price-to-earnings ratio of 58.87, a PEG ratio of 4.58 and a beta of 0.78. The company's fifty day simple moving average is $59.23 and its 200 day simple moving average is $57.60. 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 posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted $1.07 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, October 31st. Realty Income's dividend payout ratio is presently 313.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on O shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research report on Wednesday, October 8th. Barclays boosted their price target on Realty Income from $59.00 to $63.00 and gave the company an "equal weight" rating in a research note on Monday. Scotiabank upped their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Mizuho lifted their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald started coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $62.58.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Realty Income Company 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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