Geneos Wealth Management Inc. Sells 5,549 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Geneos Wealth Management Inc. reduced its position in Realty Income Corporation by 6.1%, holding 86,097 shares after selling 5,549 shares, with holdings valued at approximately $4.995 million.
• Realty Income reported earnings per share (EPS) of $1.06 for the last quarter, matching analysts' expectations, with revenue increasing by 9.5% year-over-year to $1.31 billion.
• The company announced a dividend of $0.269 per share, yielding 5.7%, with a payout ratio of 293.64% and the ex-dividend date set for August 1st.

Geneos Wealth Management Inc. decreased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,097 shares of the real estate investment trust's stock after selling 5,549 shares during the period. Geneos Wealth Management Inc.'s holdings in Realty Income were worth $4,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of O. Victory Capital Management Inc. lifted its stake in Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after buying an additional 19,965 shares during the last quarter. Employees Retirement System of Texas grew its holdings in Realty Income by 19.0% during the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock worth $26,074,000 after acquiring an additional 78,000 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Realty Income by 21.2% in the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after buying an additional 19,527 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Realty Income during the first quarter worth $1,470,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Realty Income by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock worth $38,207,000 after buying an additional 127,300 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Down 1.0%

Shares of NYSE:O traded down $0.55 during midday trading on Wednesday, hitting $56.81. The company had a trading volume of 3,836,923 shares, compared to its average volume of 4,804,722. The firm has a fifty day simple moving average of $57.06 and a 200 day simple moving average of $56.28. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a market cap of $51.30 billion, a price-to-earnings ratio of 51.65, a PEG ratio of 4.03 and a beta of 0.75. 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 issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business 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. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is currently 293.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Scotiabank lifted their target price on 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. Wedbush restated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Ten 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, the stock has a consensus rating of "Hold" and an average target price of $61.15.

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.