Uniplan Investment Counsel Inc. Sells 9,738 Shares of Realty Income Corporation $O

Key Points

• Uniplan Investment Counsel Inc. has reduced its stake in Realty Income Corporation by 6.4%, now holding 143,378 shares valued at approximately $8.32 million.
• Realty Income announced an increase in its monthly dividend to $0.269 per share, representing a yield of 5.5% and a payout ratio of 313.59%.
• Realty Income reported earnings of $1.05 per share in its last quarter, missing estimates by $0.01, while revenue increased by 5.3% year-over-year.

Uniplan Investment Counsel Inc. decreased its position in Realty Income Corporation (NYSE:O - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 143,378 shares of the real estate investment trust's stock after selling 9,738 shares during the quarter. Uniplan Investment Counsel Inc.'s holdings in Realty Income were worth $8,317,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Scientech Research LLC bought a new stake in shares of Realty Income in the 1st quarter worth about $1,121,000. Parallax Volatility Advisers L.P. bought a new stake in Realty Income during the 1st quarter worth approximately $1,005,000. New England Asset Management Inc. bought a new stake in Realty Income during the 1st quarter worth approximately $3,199,000. Nissay Asset Management Corp Japan ADV grew its position in Realty Income by 1.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 234,739 shares of the real estate investment trust's stock worth $13,617,000 after acquiring an additional 3,547 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Realty Income by 38.2% during the 1st quarter. NewEdge Advisors LLC now owns 126,183 shares of the real estate investment trust's stock worth $7,320,000 after acquiring an additional 34,849 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Down 0.1%

NYSE:O traded down $0.04 on Wednesday, hitting $59.46. 3,700,318 shares of the stock were exchanged, compared to its average volume of 5,497,177. The stock has a market capitalization of $54.36 billion, a price-to-earnings ratio of 57.72, a P/E/G ratio of 4.52 and a beta of 0.77. 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 company's 50-day moving average price is $57.79 and its 200 day moving average price is $57.01.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. This is an increase from Realty Income's previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. Realty Income's dividend payout ratio (DPR) is 313.59%.

Analyst Ratings Changes

A number of equities research analysts recently commented on O shares. Barclays increased their price target on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Scotiabank increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Finally, Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $62.00.

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.