Mizuho Securities USA LLC Sells 12,872 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Mizuho Securities USA LLC has reduced its stake in Realty Income Corporation by 15.5%, owning 70,078 shares valued at $4.07 million following the sale of 12,872 shares in the first quarter.
• Realty Income's quarterly earnings report showed an EPS of $1.05, slightly missing analysts' expectations, with revenue of $1.34 billion reflecting a 5.3% year-over-year increase.
• The company recently announced a dividend of $0.269 per share, to be paid on August 15th, with a substantial dividend yield of 570.0%.

Mizuho Securities USA LLC decreased its holdings in Realty Income Corporation (NYSE:O - Free Report) by 15.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,078 shares of the real estate investment trust's stock after selling 12,872 shares during the quarter. Mizuho Securities USA LLC's holdings in Realty Income were worth $4,065,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of O. Victory Capital Management Inc. boosted its stake in Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after buying an additional 19,965 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after purchasing an additional 19,527 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Realty Income during the 1st quarter worth approximately $1,470,000. Keyes Stange & Wooten Wealth Management LLC increased its holdings 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 worth $599,000 after purchasing an additional 5,031 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new stake in Realty Income during the 1st quarter worth approximately $257,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. UBS Group dropped their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Scotiabank boosted their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Stifel Nicolaus upped their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Wedbush reissued a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $61.36.

Realty Income Stock Up 0.5%

Shares of O traded up $0.30 during trading hours on Tuesday, hitting $57.69. 4,143,082 shares of the company were exchanged, compared to its average volume of 5,532,296. The company has a market cap of $52.75 billion, a PE ratio of 56.01, a PEG ratio of 4.04 and a beta of 0.76. The firm's 50 day moving average is $57.23 and its 200-day moving average is $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.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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 return on equity of 2.34% and a net margin of 16.77%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company posted $1.07 EPS. The business's revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid 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 dividend payout ratio is presently 313.59%.

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.