Forsta AP Fonden Sells 5,200 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Forsta AP Fonden reduced its stake in Realty Income Corporation by 2.6% in the first quarter, holding 193,700 shares valued at approximately $11.24 million.
• Realty Income reported a quarterly EPS of $1.05, missing estimates by $0.01, with revenue rising to $1.34 billion, a 5.3% increase year-over-year.
• The recent dividend announced will pay a yield of approximately 570.0%, with a payout ratio currently at 293.64%.

Forsta AP Fonden lessened its position in Realty Income Corporation (NYSE:O - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 193,700 shares of the real estate investment trust's stock after selling 5,200 shares during the quarter. Forsta AP Fonden's holdings in Realty Income were worth $11,237,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares in the last quarter. Northern Trust Corp lifted its position in Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Realty Income by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock worth $586,644,000 after purchasing an additional 123,501 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after purchasing an additional 1,055,840 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Realty Income by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock worth $230,663,000 after purchasing an additional 110,694 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

O has been the topic of several analyst reports. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. UBS Group dropped their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Scotiabank raised their target price 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. Finally, Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Eight investment 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, Realty Income presently has an average rating of "Hold" and a consensus price target of $61.36.

Realty Income Price Performance

O traded up $0.40 during midday trading on Friday, hitting $57.49. The company had a trading volume of 4,535,056 shares, compared to its average volume of 5,369,053. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The firm's 50-day simple moving average is $57.21 and its 200-day simple moving average is $56.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.74 and a current ratio of 1.85. The company has a market capitalization of $51.92 billion, a PE ratio of 55.82, a P/E/G ratio of 4.03 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is 312.62%.

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.