Knights of Columbus Asset Advisors LLC Sells 5,256 Shares of Realty Income Corporation $O

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Realty Income Corporation by 3.5%, selling 5,256 shares during the 2nd quarter, leaving them with 143,092 shares valued at approximately $8.24 million.
• Realty Income announced an increase in its monthly dividend to $0.2695, representing an annualized yield of 5.4%, with the payment scheduled for October 15th for stockholders of record on October 1st.
• The company's stock price currently trades around $60.41, with a market capitalization of $55.24 billion and a consensus analyst rating of "Hold" with an average price target of $62.25.

Knights of Columbus Asset Advisors LLC cut its stake in Realty Income Corporation (NYSE:O - Free Report) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,092 shares of the real estate investment trust's stock after selling 5,256 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Realty Income were worth $8,244,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings in shares of Realty Income by 6.6% in the 2nd quarter. DAVENPORT & Co LLC now owns 129,494 shares of the real estate investment trust's stock worth $7,460,000 after purchasing an additional 7,993 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Realty Income during the 2nd quarter valued at about $256,000. Keudell Morrison Wealth Management lifted its position in Realty Income by 8.1% in the 2nd quarter. Keudell Morrison Wealth Management now owns 16,752 shares of the real estate investment trust's stock worth $965,000 after buying an additional 1,252 shares during the last quarter. Simplicity Wealth LLC bought a new stake in Realty Income in the 2nd quarter worth approximately $433,000. Finally, Brown Miller Wealth Management LLC boosted its stake in Realty Income by 5.8% in the second quarter. Brown Miller Wealth Management LLC now owns 37,067 shares of the real estate investment trust's stock worth $2,125,000 after buying an additional 2,022 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.6%

O opened at $60.41 on Monday. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50 day simple moving average of $58.73 and a two-hundred day simple moving average of $57.38. The firm has a market capitalization of $55.24 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 4.62 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the firm posted $1.07 earnings per share. Realty Income's quarterly revenue was up 5.3% on a year-over-year basis. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is 313.59%.

Analyst Ratings Changes

Several research firms have commented on O. Weiss Ratings reissued a "hold (c)" rating on shares of Realty Income in a research note on Saturday, September 27th. Barclays lifted their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Mizuho upped their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Finally, Scotiabank boosted their target price on 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 investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average price target of $62.25.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.

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.

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