Mizuho Markets Americas LLC Sells 210,727 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Mizuho Markets Americas LLC has reduced its stake in Realty Income Corporation by 90.3%, now holding only 22,695 shares valued at approximately $1,317,000.
• Realty Income recently announced a dividend of $0.269 per share, set to be paid on August 15, with a remarkable dividend yield of 570.0%.
• The company reported a quarterly earnings per share of $1.05, which missed analyst expectations by ($0.01), while its revenue increased 5.3% year-over-year.

Mizuho Markets Americas LLC trimmed its stake in Realty Income Corporation (NYSE:O - Free Report) by 90.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,695 shares of the real estate investment trust's stock after selling 210,727 shares during the period. Mizuho Markets Americas LLC's holdings in Realty Income were worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. PSI Advisors LLC grew its position in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC boosted its stake in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $34,000. Orion Capital Management LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC boosted its stake in shares of Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 272 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the subject of a number of research analyst reports. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $61.36.

Realty Income Price Performance

Shares of O traded up $0.30 during mid-day trading on Tuesday, hitting $57.69. 4,143,082 shares of the stock were exchanged, compared to its average volume of 5,532,296. The firm has a 50-day moving average of $57.23 and a two-hundred day moving average of $56.48. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $52.75 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 4.04 and a beta of 0.76.

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 for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the business posted $1.07 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a yield of 570.0%. Realty Income's payout ratio is 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.