HBW Advisory Services LLC Sells 25,385 Shares of Realty Income Co. (NYSE:O)

HBW Advisory Services LLC cut its holdings in Realty Income Co. (NYSE:O - Free Report) by 37.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,785 shares of the real estate investment trust's stock after selling 25,385 shares during the quarter. HBW Advisory Services LLC's holdings in Realty Income were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lee Danner & Bass Inc. bought a new position in Realty Income in the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the fourth quarter worth about $32,000. Millstone Evans Group LLC purchased a new position in Realty Income in the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $34,000. Institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Scotiabank boosted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

Shares of NYSE:O traded down $0.03 during mid-day trading on Friday, reaching $55.81. 1,702,478 shares of the company traded hands, compared to its average volume of 5,178,875. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The firm has a market cap of $50.40 billion, a PE ratio of 53.14, a PEG ratio of 2.10 and a beta of 0.78. The company's 50 day moving average price is $56.15 and its 200-day moving average price is $55.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted 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. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm earned $1.03 earnings per share. The business's quarterly revenue was up 9.5% on a year-over-year basis. On average, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's dividend payout ratio is currently 292.73%.

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.