Northwestern Mutual Wealth Management Co. Has $5.07 Million Position in Realty Income Corporation $O

Key Points

• Northwestern Mutual Wealth Management Co. reduced its position in Realty Income Corporation by 7.8%, holding 87,423 shares valued at $5.07 million as of the end of the most recent quarter.
• Realty Income increased its monthly dividend to $0.269 per share, representing a yield of 5.5%, up from its previous dividend of $0.26.
• Several research firms have adjusted their price targets for Realty Income, with a consensus rating of "Hold" and an average price target of $61.82.

Northwestern Mutual Wealth Management Co. reduced its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,423 shares of the real estate investment trust's stock after selling 7,390 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Realty Income were worth $5,071,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC raised its stake in Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock valued at $899,000 after purchasing an additional 186 shares during the period. Associated Banc Corp grew its holdings in shares of Realty Income by 1.9% during the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after acquiring an additional 192 shares in the last quarter. Kentucky Trust Co grew its holdings in shares of Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after acquiring an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after acquiring an additional 241 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its holdings in shares of Realty Income by 0.7% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 36,915 shares of the real estate investment trust's stock valued at $2,141,000 after acquiring an additional 247 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on O. Scotiabank boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. UBS Group boosted their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $61.82.

Realty Income Stock Up 0.8%

Realty Income stock opened at $58.58 on Thursday. The firm has a market cap of $53.56 billion, a price-to-earnings ratio of 56.87, a P/E/G ratio of 4.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The firm has a fifty day moving average price of $57.60 and a two-hundred day moving average price of $56.78.

Realty Income (NYSE:O - Get Free Report) last released 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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. As a group, analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio (DPR) 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.

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