Gateway Investment Advisers LLC Has $1.62 Million Position in Realty Income Corporation $O

Key Points

• Gateway Investment Advisers LLC has reduced its stock position in Realty Income Corporation by 18.1%, selling 6,233 shares and holding 28,169 shares valued at approximately $1,623,000.
• Realty Income announced a monthly dividend increase to $0.2695 per share, representing an annualized yield of 5.5%, with a dividend payout ratio of 313.59%.
• Despite a slight earnings miss in its latest report, Realty Income's quarterly revenue rose 5.3% year-over-year, contributing to a stable market cap of $54.12 billion.

Gateway Investment Advisers LLC cut its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 18.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,169 shares of the real estate investment trust's stock after selling 6,233 shares during the period. Gateway Investment Advisers LLC's holdings in Realty Income were worth $1,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of Realty Income during the fourth quarter worth $571,000. Tidal Investments LLC increased its holdings in Realty Income by 26.6% in the fourth quarter. Tidal Investments LLC now owns 44,434 shares of the real estate investment trust's stock valued at $2,361,000 after buying an additional 9,337 shares during the last quarter. Woodline Partners LP acquired a new position in Realty Income in the fourth quarter valued at $2,795,000. Finally, Waverly Advisors LLC boosted its stake in shares of Realty Income by 26.2% during the fourth quarter. Waverly Advisors LLC now owns 27,845 shares of the real estate investment trust's stock worth $1,487,000 after buying an additional 5,774 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on O. Barclays increased their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. UBS Group raised their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Mizuho lifted their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Scotiabank boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $62.36.

Realty Income Stock Performance

NYSE O traded up $0.10 during midday trading on Friday, hitting $59.21. The company had a trading volume of 12,675,505 shares, compared to its average volume of 5,134,880. 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 fifty day simple moving average of $58.17 and a two-hundred day simple moving average of $57.16. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The stock has a market cap of $54.14 billion, a price-to-earnings ratio of 57.49, a P/E/G ratio of 4.52 and a beta of 0.77.

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

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio is currently 313.59%.

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.