Realty Income Corporation (NYSE:O) Shares Sold by Sabal Trust CO

Sabal Trust CO lessened its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 92.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,283 shares of the real estate investment trust's stock after selling 352,789 shares during the quarter. Sabal Trust CO's holdings in Realty Income were worth $1,583,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after purchasing an additional 615 shares during the period. Wealthspire Advisors LLC raised its position in Realty Income by 7.9% in the fourth quarter. Wealthspire Advisors LLC now owns 17,647 shares of the real estate investment trust's stock valued at $943,000 after purchasing an additional 1,292 shares during the period. Howard Capital Management Inc. raised its position in Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 229 shares during the period. IFP Advisors Inc raised its position in Realty Income by 29.9% in the fourth quarter. IFP Advisors Inc now owns 7,975 shares of the real estate investment trust's stock valued at $426,000 after purchasing an additional 1,837 shares during the period. Finally, BankPlus Trust Department purchased a new stake in Realty Income in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.2%

Realty Income stock traded down $0.14 during midday trading on Friday, reaching $57.06. The company's stock had a trading volume of 5,308,085 shares, compared to its average volume of 5,240,688. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market cap of $51.53 billion, a P/E ratio of 51.87, a P/E/G ratio of 4.00 and a beta of 0.76. The business has a 50-day simple moving average of $56.76 and a 200-day simple moving average of $55.63.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The business's revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.269 per share. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 292.73%.

Analysts Set New Price Targets

O has been the topic of a number of research analyst reports. Mizuho boosted their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. UBS Group reduced 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 increased their price objective 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. Finally, Stifel Nicolaus increased their price objective on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.