Realty Income Corporation $O Shares Sold by Demars Financial Group LLC

Key Points

• Demars Financial Group LLC reduced its stake in Realty Income Corporation by 98.2%, selling 640,792 shares and leaving them with 11,879 shares valued at $684,000.
• Despite the stake reduction by some firms, Realty Income has received price upgrades from analysts, with Barclays raising its price target from $58 to $59 and Scotiabank adjusting it from $58 to $60.
• Realty Income announced a monthly dividend of $0.2695 per share, with the ex-dividend date set for October 31st, reflecting an annualized yield of 5.4%.

Demars Financial Group LLC trimmed its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 98.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,879 shares of the real estate investment trust's stock after selling 640,792 shares during the period. Demars Financial Group LLC's holdings in Realty Income were worth $684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moseley Investment Management Inc. grew its holdings in Realty Income by 1.3% during the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock worth $781,000 after acquiring an additional 175 shares during the period. Castle Rock Wealth Management LLC grew its holdings in Realty Income by 0.6% during the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock worth $1,552,000 after acquiring an additional 177 shares during the period. Revisor Wealth Management LLC grew its holdings in Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock worth $454,000 after acquiring an additional 178 shares during the period. Pure Financial Advisors LLC grew its holdings in Realty Income by 3.5% during the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock worth $318,000 after acquiring an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC grew its holdings in Realty Income by 1.2% during the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after acquiring an additional 186 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Cantor Fitzgerald assumed coverage on Realty Income in a report on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price objective on the stock. Finally, Mizuho raised their price objective on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average target price of $62.25.

Realty Income Stock Performance

Shares of NYSE:O opened at $59.97 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The business's 50 day moving average price is $59.16 and its 200-day moving average price is $57.56. The firm has a market capitalization of $54.83 billion, a PE ratio of 58.22, a P/E/G ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm 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 business's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. As a group, equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

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.

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