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Realty Income Corporation (NYSE:O) Shares Sold by Sound Financial Strategies Group LLC

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Key Points

  • Sound Financial Strategies Group LLC significantly reduced its holdings in Realty Income Corporation by 76.3%, now owning only 3,625 shares valued at $210,000.
  • Realty Income achieved earnings of $1.06 per share for the last quarter, meeting analysts' expectations, alongside a revenue increase of 9.5% year-over-year.
  • The company's latest dividend, announced at $0.269, will be paid on August 15th, reflecting a dividend yield of 570.0% and a high payout ratio of 293.64%.
  • Five stocks we like better than Realty Income.

Sound Financial Strategies Group LLC cut its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 76.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,625 shares of the real estate investment trust's stock after selling 11,651 shares during the quarter. Sound Financial Strategies Group LLC's holdings in Realty Income were worth $210,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC raised its stake in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 615 shares in the last quarter. Wellington Management Group LLP grew its position in Realty Income by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust's stock worth $9,881,000 after purchasing an additional 487 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in Realty Income in the fourth quarter valued at $254,000. Arete Wealth Advisors LLC boosted its stake in shares of Realty Income by 16.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 7,233 shares of the real estate investment trust's stock worth $385,000 after buying an additional 1,002 shares during the period. Finally, Landscape Capital Management L.L.C. raised its stake in Realty Income by 393.3% during the 4th quarter. Landscape Capital Management L.L.C. now owns 26,403 shares of the real estate investment trust's stock valued at $1,410,000 after acquiring an additional 21,051 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on O shares. Wedbush reiterated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average price target of $61.15.

Read Our Latest Stock Report on Realty Income

Realty Income Stock Up 0.7%

Shares of Realty Income stock opened at $56.54 on Friday. The company has a fifty day moving average price of $57.10 and a 200 day moving average price of $56.35. 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 twelve month low of $50.71 and a twelve month high of $64.88. The stock has a market cap of $51.06 billion, a price-to-earnings ratio of 51.40, a price-to-earnings-growth ratio of 3.97 and a beta of 0.76.

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

Realty Income Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is 293.64%.

Realty Income Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O - Free Report).

Institutional Ownership by Quarter for Realty Income (NYSE:O)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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