LVM Capital Management Ltd. MI Sells 5,777 Shares of Realty Income Co. (NYSE:O)

LVM Capital Management Ltd. MI reduced its stake in Realty Income Co. (NYSE:O - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,265 shares of the real estate investment trust's stock after selling 5,777 shares during the quarter. LVM Capital Management Ltd. MI's holdings in Realty Income were worth $4,424,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Realty Income in the 4th quarter valued at $624,666,000. Raymond James Financial Inc. bought a new position in Realty Income in the fourth quarter valued at about $553,572,000. Northern Trust Corp boosted its stake in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Realty Income by 26.7% during the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after purchasing an additional 811,037 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after buying an additional 694,983 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 0.2%

Shares of O stock traded up $0.12 on Wednesday, reaching $56.13. 2,448,973 shares of the company were exchanged, compared to its average volume of 5,183,785. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50-day moving average of $56.21 and a 200-day moving average of $55.59. The company has a market cap of $50.69 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income's payout ratio is currently 292.73%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on O. Stifel Nicolaus upped their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wedbush reiterated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Royal Bank of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average price target 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.