Realty Income Corporation $O Holdings Trimmed by Credit Agricole S A

Key Points

• Credit Agricole S A significantly reduced its stake in Realty Income Corporation by 48.3%, holding now 247,845 shares valued at approximately $14.4 million after selling 231,401 shares in the first quarter.
• Realty Income announced an **increase in monthly dividends** to $0.269 per share, up from $0.26, reflecting a yield of 5.4% and a payout ratio of 313.59%.
• Wall Street analysts have mixed ratings on Realty Income, with three giving a "Buy" rating and nine issuing a "Hold" rating, while the consensus price target stands at $61.82.

Credit Agricole S A lessened its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 48.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 247,845 shares of the real estate investment trust's stock after selling 231,401 shares during the period. Credit Agricole S A's holdings in Realty Income were worth $14,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in O. Brighton Jones LLC raised its holdings in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Realty Income by 84.4% during the fourth quarter. First Trust Advisors LP now owns 363,921 shares of the real estate investment trust's stock valued at $19,437,000 after buying an additional 166,575 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Realty Income by 1.9% during the fourth quarter. MML Investors Services LLC now owns 107,010 shares of the real estate investment trust's stock valued at $5,715,000 after buying an additional 2,013 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Realty Income by 11.5% during the fourth quarter. IHT Wealth Management LLC now owns 35,883 shares of the real estate investment trust's stock valued at $1,917,000 after buying an additional 3,711 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Realty Income by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock valued at $230,663,000 after buying an additional 110,694 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Realty Income stock traded down $0.7130 during mid-day trading on Friday, hitting $58.8670. The company's stock had a trading volume of 7,645,195 shares, compared to its average volume of 4,954,309. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $53.82 billion, a P/E ratio of 57.15, a P/E/G ratio of 4.55 and a beta of 0.76. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The stock's fifty day moving average price is $57.55 and its two-hundred day moving average price is $56.70.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 EPS. Research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio is presently 313.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on O. JPMorgan Chase & Co. dropped their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Barclays lifted their price target on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Scotiabank lifted 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. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.82.

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.