Realty Income Corporation $O Shares Sold by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. reduced its holdings in Realty Income Corporation by 16.5% to $4.44 million during the first quarter.
• Several large investors, including Belpointe Asset Management LLC and UBS Asset Management, increased their positions in Realty Income, reflecting growing institutional interest.
• Realty Income recently announced a monthly dividend increase to $0.2695 per share, representing an annualized yield of 5.4%.

Geneos Wealth Management Inc. lowered its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 16.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 76,566 shares of the real estate investment trust's stock after selling 15,080 shares during the period. Geneos Wealth Management Inc.'s holdings in Realty Income were worth $4,442,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Keystone Global Partners LLC purchased a new position in shares of Realty Income during the 1st quarter valued at about $26,000. PSI Advisors LLC raised its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income during the 4th quarter valued at about $34,000. FSC Wealth Advisors LLC raised its stake in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Scotiabank raised their target price on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Mizuho lifted their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Barclays lifted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Realty Income has an average rating of "Hold" and an average price target of $62.36.

Realty Income Price Performance

Shares of Realty Income stock traded up $0.27 on Friday, hitting $60.43. 3,907,410 shares of the company were exchanged, compared to its average volume of 5,093,760. The stock has a market capitalization of $55.25 billion, a price-to-earnings ratio of 58.67, a price-to-earnings-growth ratio of 4.60 and a beta of 0.77. The company has a 50-day moving average price of $57.92 and a 200 day moving average price of $57.08. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results 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). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. As a group, sell-side analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 represents a c) annualized dividend and a dividend yield of 5.4%. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is presently 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.