Beacon Financial Group Sells 4,461 Shares of Realty Income Corporation $O

Key Points

• Beacon Financial Group reduced its stake in Realty Income Corporation by 6.4%, ending the second quarter with 65,641 shares valued at approximately $3.78 million.
• Several other institutional investors have increased their positions, with Vanguard Group Inc. growing its holdings by 2.4% to over 142 million shares, now valued at about $8.27 billion.
• Realty Income recently announced a monthly dividend of $0.2695, reflecting a 5.4% yield and an increase from its previous monthly payment.

Beacon Financial Group trimmed its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,641 shares of the real estate investment trust's stock after selling 4,461 shares during the period. Beacon Financial Group's holdings in Realty Income were worth $3,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Keystone Global Partners LLC bought a new stake in shares of Realty Income in the 1st quarter valued at approximately $26,000. PSI Advisors LLC grew its stake in shares of Realty Income by 78.3% in 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 during the period. Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $34,000. FSC Wealth Advisors LLC grew its stake in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares during the period. Finally, Orion Capital Management LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $37,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays boosted their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. UBS Group upped their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Finally, Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.36.

Realty Income Stock Performance

Realty Income stock traded up $0.21 during midday trading on Friday, reaching $59.32. 2,792,402 shares of the company's stock were exchanged, compared to its average volume of 5,487,161. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $54.23 billion, a price-to-earnings ratio of 57.57, a P/E/G ratio of 4.56 and a beta of 0.77. The stock's 50-day simple moving average is $58.13 and its 200 day simple moving average is $57.16.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. On average, 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 declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. The ex-dividend date is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.5%. Realty Income's dividend payout ratio is 313.59%.

Realty Income 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.