Korea Investment CORP Sells 13,937 Shares of Realty Income Corporation $O

Key Points

• Korea Investment CORP has reduced its stake in Realty Income Corporation by 2.2%, owning 621,298 shares worth approximately $36 million after selling 13,937 shares.
• Realty Income's recent quarterly earnings report showed an EPS of $1.05, falling just short of analysts' expectations of $1.06, despite a 5.3% year-over-year revenue increase.
• The company has announced a dividend increase to $0.269 per share, representing a 5.5% dividend yield for shareholders with a payout ratio of 313.59%.

Korea Investment CORP reduced its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 621,298 shares of the real estate investment trust's stock after selling 13,937 shares during the period. Korea Investment CORP owned 0.07% of Realty Income worth $36,041,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in Realty Income by 5.3% during the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after acquiring an additional 19,965 shares during the period. Community Bank of Raymore lifted its position in Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after acquiring an additional 24,467 shares during the period. Invesco Ltd. lifted its position in Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after acquiring an additional 48,024 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Realty Income during the 1st quarter valued at about $1,470,000. Finally, Keyes Stange & Wooten Wealth Management LLC lifted its position in Realty Income by 95.1% during the 1st quarter. Keyes Stange & Wooten Wealth Management LLC now owns 10,319 shares of the real estate investment trust's stock valued at $599,000 after acquiring an additional 5,031 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of O stock traded down $0.7130 during trading hours on Friday, reaching $58.8670. The company had a trading volume of 7,645,195 shares, compared to its average volume of 4,954,309. The business has a fifty day moving average price of $57.55 and a 200-day moving average price of $56.70. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The firm has a market cap of $53.82 billion, a PE ratio of 57.15, a price-to-earnings-growth ratio of 4.55 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

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 (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. Sell-side analysts predict 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 given a dividend of $0.269 per share. This represents a c) annualized dividend and a yield of 5.5%. This is a positive change from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Analyst Ratings Changes

A number of research analysts recently issued reports on O shares. Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. UBS Group lifted their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. 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 report on Wednesday. Finally, Wedbush reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.82.

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.