Kovack Advisors Inc. Decreases Stock Holdings in Realty Income Corporation (NYSE:O)

Key Points

• Kovack Advisors Inc. significantly reduced its stake in Realty Income Corporation by 80.8% during the first quarter, ending with 3,970 shares valued at $230,000.
• Realty Income reported $1.06 earnings per share (EPS) for the last quarter, matching analyst estimates, and saw a 9.5% year-over-year revenue increase to $1.31 billion.
• The company declared a dividend of $0.269 per share with a yield of 5.7%, set to be paid on August 15th, and its dividend payout ratio is currently at 293.64%.

Kovack Advisors Inc. trimmed its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 80.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,970 shares of the real estate investment trust's stock after selling 16,731 shares during the quarter. Kovack Advisors Inc.'s holdings in Realty Income were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of O. PSI Advisors LLC increased its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the fourth quarter worth $34,000. FSC Wealth Advisors LLC increased its position in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the last quarter. Orion Capital Management LLC purchased a new stake in Realty Income in the fourth quarter worth $37,000. Finally, CVA Family Office LLC increased its position in Realty Income by 52.8% in the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after buying an additional 272 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

NYSE:O opened at $57.90 on Friday. The firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 52.64, a P/E/G ratio of 4.06 and a beta of 0.75. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The stock has a fifty day moving average of $56.99 and a 200 day moving average of $56.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. On average, research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.269 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is currently 293.64%.

Analysts Set New Price Targets

A number of research firms have issued reports on O. Stifel Nicolaus raised their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $61.15.

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.

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