IFM Investors Pty Ltd Trims Stock Position in Realty Income Corporation $O

Key Points

• IFM Investors Pty Ltd reduced its stake in Realty Income Corporation by 7.3%, ending the first quarter with 329,194 shares valued at approximately $19.1 million.
• Realty Income recently announced a dividend increase to $0.269 per share, reflecting a 5.4% annualized yield, with the ex-dividend date set for September 2nd.
• The company's latest earnings report showed a slight miss on EPS expectations, with a recorded $1.05 earnings per share compared to the consensus estimate of $1.06.

IFM Investors Pty Ltd lessened its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 329,194 shares of the real estate investment trust's stock after selling 25,784 shares during the quarter. IFM Investors Pty Ltd's holdings in Realty Income were worth $19,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the first quarter valued at about $26,000. PSI Advisors LLC boosted its position in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC raised its stake in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares during the period. Fourth Dimension Wealth LLC purchased a new position in Realty Income during the fourth quarter worth about $34,000. Finally, Orion Capital Management LLC purchased a new position in Realty Income during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

Shares of O opened at $59.48 on Wednesday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The firm's 50 day moving average price is $57.79 and its 200 day moving average price is $57.01. The company has a market cap of $54.38 billion, a P/E ratio of 57.75, a PEG ratio of 4.52 and a beta of 0.77. 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 announced 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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the company earned $1.07 earnings per share. Realty Income's quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.269 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is currently 313.59%.

Wall Street Analyst Weigh In

O has been the topic of a number of analyst reports. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group boosted their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Barclays boosted their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Finally, Scotiabank boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $62.00.

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.

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