Realty Income Corporation $O Shares Sold by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors cut its stake in Realty Income by 34.1% in the fourth quarter, selling 59,970 shares and leaving it with 115,948 shares valued at about $6.5 million.
• Realty Income reported better-than-expected quarterly results, posting EPS of $1.13 versus estimates of $1.10 and revenue of $1.55 billion versus $1.39 billion expected. Revenue rose 12.2% from a year earlier.
• The REIT also announced a monthly dividend of $0.2705 per share, implying a 5.2% annualized yield, while analysts currently have a consensus rating of Hold with an average price target of $67.35.

Knights of Columbus Asset Advisors LLC reduced its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 34.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,948 shares of the real estate investment trust's stock after selling 59,970 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Realty Income were worth $6,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in shares of Realty Income by 5.3% during the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust's stock worth $186,497,000 after purchasing an additional 155,677 shares during the last quarter. Allied Investment Advisors LLC acquired a new position in shares of Realty Income during the 3rd quarter worth approximately $10,870,000. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust's stock worth $8,478,910,000 after purchasing an additional 684,949 shares during the last quarter. Pensionfund PDN acquired a new position in shares of Realty Income during the 4th quarter worth approximately $7,434,000. Finally, NEOS Investment Management LLC boosted its holdings in shares of Realty Income by 73.0% during the 3rd quarter. NEOS Investment Management LLC now owns 169,839 shares of the real estate investment trust's stock worth $10,279,000 after purchasing an additional 71,646 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Realty Income in a research report on Friday, April 10th. Wall Street Zen raised shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. Scotiabank reaffirmed an "outperform" rating on shares of Realty Income in a research report on Tuesday, May 12th. Finally, Loop Capital set a $69.00 price target on shares of Realty Income in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $67.35.

Realty Income Stock Down 0.4%

O stock opened at $62.22 on Thursday. The firm has a market cap of $58.02 billion, a PE ratio of 51.00, a PEG ratio of 4.87 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm's 50 day moving average price is $62.56 and its 200-day moving average price is $61.12. Realty Income Corporation has a one year low of $55.52 and a one year high of $67.93.

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

Realty Income Announces Dividend

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

Insider Transactions at Realty Income

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