Realty Income Corporation (NYSE:O) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,729,108 shares of the real estate investment trust's stock after selling 118,376 shares during the period. Bank of New York Mellon Corp owned approximately 0.64% of Realty Income worth $332,346,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of O. Lee Danner & Bass Inc. bought a new position in Realty Income during the fourth quarter worth $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income during the fourth quarter worth $29,000. PSI Advisors LLC boosted 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 worth $33,000 after purchasing an additional 252 shares during the period. Millstone Evans Group LLC bought a new position in Realty Income during the fourth quarter worth $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in Realty Income during the fourth quarter worth $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE:O traded up $0.05 during trading on Thursday, hitting $56.97. 5,410,632 shares of the company's stock were exchanged, compared to its average volume of 5,592,695. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The business's 50-day simple moving average is $56.74 and its 200 day simple moving average is $55.82. The company has a market cap of $51.45 billion, a price-to-earnings ratio of 51.79, a PEG ratio of 4.02 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS 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 issued a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a yield of 5.7%. Realty Income's payout ratio is currently 293.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on O. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. UBS Group reduced their target price 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. JPMorgan Chase & Co. cut their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Stifel Nicolaus upped their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.15.

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.