Realty Income Corporation $O Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC reduced its stake in Realty Income Corporation by 5.6%, holding 144,861 shares worth approximately $8.4 million after selling 8,672 shares in Q1.
• Realty Income Corporation declared a monthly dividend of $0.269 per share, up from its previous $0.26, with an annualized yield of 5.6%.
• The company's stock is currently priced at $58.10 and has a market capitalization of $53.12 billion, with a consensus rating of "Hold" and a target price of $62.00.

Evergreen Capital Management LLC lessened its stake in Realty Income Corporation (NYSE:O - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 144,861 shares of the real estate investment trust's stock after selling 8,672 shares during the period. Evergreen Capital Management LLC's holdings in Realty Income were worth $8,403,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the first quarter valued at $26,000. PSI Advisors LLC grew its position in 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 acquiring an additional 252 shares in the last quarter. FSC Wealth Advisors LLC grew its position in 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 acquiring an additional 455 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter valued at about $34,000. Finally, Orion Capital Management LLC acquired a new position in Realty Income in the 4th quarter valued at about $37,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 1.1%

Shares of O stock traded up $0.62 on Friday, reaching $58.75. 4,365,965 shares of the stock were exchanged, compared to its average volume of 5,375,138. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The business's 50 day moving average price is $57.64 and its 200 day moving average price is $56.86. The company has a market capitalization of $53.72 billion, a price-to-earnings ratio of 57.04, a PEG ratio of 4.49 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.

Realty Income (NYSE:O - Get Free Report) last issued its 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 firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.269 dividend. This is a boost from Realty Income's previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. Realty Income's payout ratio is currently 312.62%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on O. Scotiabank lifted their target price on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Wedbush restated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Barclays boosted their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.00.

About Realty Income

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.