Realty Income Corporation $O Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC cut its Realty Income stake by 42.4% in the fourth quarter, selling 21,758 shares and leaving it with 29,561 shares worth about $1.67 million.
• Realty Income reported better-than-expected quarterly results, with EPS of $1.13 versus $1.10 expected and revenue of $1.55 billion versus $1.39 billion estimated, while revenue rose 12.2% year over year.
• The company declared a monthly dividend of $0.2705 payable June 15, implying a 5.2% annualized yield, even as analysts maintain a consensus Hold rating with a $67.35 price target.

AlphaQuest LLC lessened its position in Realty Income Corporation (NYSE:O - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,561 shares of the real estate investment trust's stock after selling 21,758 shares during the period. AlphaQuest LLC's holdings in Realty Income were worth $1,666,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Stance Capital LLC bought a new position in Realty Income in the 3rd quarter valued at about $27,000. Strengthening Families & Communities LLC grew its position in Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 422 shares in the last quarter. Ameriflex Group Inc. grew its position in Realty Income by 68.7% in the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 215 shares in the last quarter. FNY Investment Advisers LLC grew its position in Realty Income by 622.2% in the 4th quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 560 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in Realty Income in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

O stock opened at $62.22 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a one year low of $55.52 and a one year high of $67.93. The firm has a market capitalization of $58.02 billion, a PE ratio of 51.00, a P/E/G ratio of 4.87 and a beta of 0.75. The firm has a 50-day moving average of $62.56 and a two-hundred day moving average of $61.12.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. The business's quarterly revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, analysts forecast that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.2705 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income's dividend payout ratio is 266.39%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of Realty Income from $65.00 to $68.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 21st. Mizuho reduced their price objective on shares of Realty Income from $68.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research report on Monday, April 27th. Evercore restated a "positive" rating on shares of Realty Income in a research report on Wednesday, February 25th. Finally, Cantor Fitzgerald raised their price objective on shares of Realty Income from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $67.35.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the sale, the insider directly owned 67,641 shares of the company's stock, valued at $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

About Realty Income

Realty Income Corporation NYSE: O is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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