Pacer Advisors Inc. Sells 33,214 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Pacer Advisors Inc. has reduced its stake in Realty Income Corporation by 32.4%, now owning 69,172 shares valued at approximately $4.01 million.
• Realty Income recently reported earnings per share of $1.06, meeting analysts' expectations, with revenue increasing by 9.5% year-over-year.
• The company's upcoming dividend of $0.269 per share represents a 5.7% yield and will be paid on August 15th, following an ex-dividend date of August 1st.

Pacer Advisors Inc. lessened its position in Realty Income Corporation (NYSE:O - Free Report) by 32.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,172 shares of the real estate investment trust's stock after selling 33,214 shares during the period. Pacer Advisors Inc.'s holdings in Realty Income were worth $4,013,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in O. PSI Advisors LLC boosted its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the fourth quarter worth about $34,000. FSC Wealth Advisors LLC boosted its position in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Realty Income during the 4th quarter worth approximately $37,000. Finally, CVA Family Office LLC grew its holdings in shares of Realty Income by 52.8% during the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 272 shares during the period. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

O has been the subject of a number of research analyst reports. Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, UBS Group lowered their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. 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.com, the company has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Up 1.1%

NYSE:O traded up $0.61 on Friday, reaching $56.47. 2,485,378 shares of the stock traded hands, compared to its average volume of 5,548,329. The company has a market capitalization of $50.99 billion, a price-to-earnings ratio of 51.33, a PEG ratio of 3.99 and a beta of 0.75. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company's fifty day simple moving average is $57.08 and its 200 day simple moving average is $56.30.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. Equities analysts predict 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 given a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is presently 293.64%.

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.