Intrua Financial LLC Sells 4,354 Shares of Realty Income Corporation $O

Key Points

• Intrua Financial LLC reduced its holdings in Realty Income Corporation by 8.1%, now owning 49,689 shares valued at approximately $2.88 million.
• Realty Income announced an increase in its monthly dividend to $0.2695 per share, reflecting a yield of 5.4%, with the ex-dividend date on October 1st.
• Despite the dividend increase, Realty Income's stock recently missed earnings expectations, reporting $1.05 EPS against an anticipated $1.06 EPS.

Intrua Financial LLC lowered its stake in Realty Income Corporation (NYSE:O - Free Report) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,689 shares of the real estate investment trust's stock after selling 4,354 shares during the quarter. Intrua Financial LLC's holdings in Realty Income were worth $2,882,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in O. Nuveen LLC acquired a new position in shares of Realty Income in the 1st quarter valued at $207,573,000. Vanguard Group Inc. lifted its stake in shares of Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after purchasing an additional 3,274,853 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after purchasing an additional 1,055,840 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after purchasing an additional 992,303 shares during the period. Finally, Adelante Capital Management LLC raised its stake in Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock worth $49,928,000 after buying an additional 802,526 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

O has been the topic of several research analyst reports. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Mizuho raised their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.36.

Realty Income Stock Up 0.4%

O stock traded up $0.27 during trading hours on Friday, reaching $60.43. 3,907,410 shares of the stock were exchanged, compared to its average volume of 5,093,760. The firm's 50-day moving average is $57.92 and its 200-day moving average is $57.08. The company has a market cap of $55.25 billion, a price-to-earnings ratio of 58.67, a PEG ratio of 4.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. 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 released its earnings results 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). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.07 EPS. On average, equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This is a boost from Realty Income's previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio is currently 313.59%.

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.