Realty Income Corporation (NYSE:O) Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP reduced its stake in Realty Income Corporation by 40.1%, holding 10,318 shares valued at $599,000 as of the latest SEC filing.
• Realty Income's recent quarterly earnings met analysts' expectations, with an earnings per share of $1.06 and a revenue increase of 9.5% year over year.
• The company recently announced a $0.269 dividend payout, set to be distributed on August 15th, with an exceptional yield of 570.0%.

GSA Capital Partners LLP trimmed its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 40.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,318 shares of the real estate investment trust's stock after selling 6,921 shares during the period. GSA Capital Partners LLP's holdings in Realty Income were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC lifted its holdings in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at about $34,000. FSC Wealth Advisors LLC lifted its holdings in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at about $37,000. Finally, CVA Family Office LLC lifted its holdings in shares of Realty Income by 52.8% in the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 272 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on O shares. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. 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 report on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Wedbush reissued a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Down 0.2%

NYSE:O traded down $0.10 on Tuesday, reaching $57.35. The stock had a trading volume of 575,246 shares, compared to its average volume of 5,549,707. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $57.14 and a 200 day moving average of $56.38. The stock has a market cap of $51.79 billion, a P/E ratio of 52.10, a price-to-earnings-growth ratio of 3.97 and a beta of 0.76. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88.

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, hitting the consensus estimate 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 posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current 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 given a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

About Realty Income

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.