Gulf International Bank UK Ltd Sells 16,990 Shares of Realty Income Corporation (NYSE:O)

Gulf International Bank UK Ltd trimmed its position in Realty Income Corporation (NYSE:O - Free Report) by 25.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,913 shares of the real estate investment trust's stock after selling 16,990 shares during the quarter. Gulf International Bank UK Ltd's holdings in Realty Income were worth $2,895,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in O. PSI Advisors LLC boosted its position in Realty Income by 78.3% in the first 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 in the last quarter. FSC Wealth Advisors LLC boosted its position in Realty Income by 288.0% in the first 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 in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $34,000. Orion Capital Management LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $37,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Realty Income in the first quarter valued at approximately $46,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 0.5%

Shares of O stock opened at $57.94 on Thursday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a 50-day simple moving average of $57.30 and a two-hundred day simple moving average of $56.50. The company has a market capitalization of $52.98 billion, a price-to-earnings ratio of 56.25, a PEG ratio of 4.58 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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.269 dividend. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is presently 313.59%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. UBS Group cut their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Eight research 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 currently has a consensus rating of "Hold" and a consensus price target of $61.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.