Envestnet Portfolio Solutions Inc. Sells 10,231 Shares of Realty Income Corporation (NYSE:O)

Envestnet Portfolio Solutions Inc. reduced its stake in Realty Income Corporation (NYSE:O - Free Report) by 15.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,170 shares of the real estate investment trust's stock after selling 10,231 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Realty Income were worth $3,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the 4th quarter valued at $29,000. PSI Advisors LLC increased its stake in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Realty Income during the fourth quarter worth $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at $34,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Wedbush reissued a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Nine investment 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.com, the company currently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Performance

O stock opened at $57.24 on Monday. The stock's 50 day simple moving average is $56.74 and its 200 day simple moving average is $55.57. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The firm has a market cap of $51.70 billion, a P/E ratio of 52.04, a P/E/G ratio of 4.00 and a beta of 0.76. 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 (NYSE:O - Get Free Report) last released its quarterly earnings data 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. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company earned $1.03 EPS. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This represents a dividend yield of 5.6%. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. Realty Income's dividend payout ratio is currently 292.73%.

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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