IFM Investors Pty Ltd Reduces Stake in Realty Income Corporation $O

Key Points

• IFM Investors Pty Ltd decreased its holdings in Realty Income Corporation by 5.7%, owning 310,369 shares worth approximately $17.88 million after selling 18,825 shares in the second quarter.
• Realty Income recently increased its monthly dividend to $0.2695 per share, up from $0.27, reflecting a 5.5% dividend yield with an ex-dividend date on October 1st.
• Analysts have mixed ratings on Realty Income, with a consensus rating of "Hold" and a target price averaging $62.36, following recent price adjustments by multiple firms.

IFM Investors Pty Ltd reduced its position in Realty Income Corporation (NYSE:O - Free Report) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,369 shares of the real estate investment trust's stock after selling 18,825 shares during the quarter. IFM Investors Pty Ltd's holdings in Realty Income were worth $17,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC raised its stake in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after buying an additional 186 shares during the period. RB Capital Management LLC raised its stake in shares of Realty Income by 1.1% during the 2nd quarter. RB Capital Management LLC now owns 16,596 shares of the real estate investment trust's stock worth $956,000 after buying an additional 187 shares during the period. Associated Banc Corp raised its stake in shares of Realty Income by 1.9% during the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock worth $595,000 after buying an additional 192 shares during the period. Westbourne Investments Inc. raised its stake in shares of Realty Income by 3.9% during the 1st quarter. Westbourne Investments Inc. now owns 5,300 shares of the real estate investment trust's stock worth $307,000 after buying an additional 200 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Realty Income by 28.5% during the 1st quarter. Activest Wealth Management now owns 1,005 shares of the real estate investment trust's stock worth $58,000 after buying an additional 223 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

NYSE O traded down $0.08 during mid-day trading on Monday, hitting $59.08. The stock had a trading volume of 5,905,077 shares, compared to its average volume of 5,386,597. The firm's 50 day moving average is $58.18 and its 200 day moving average is $57.16. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. 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 stock has a market capitalization of $54.01 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 4.52 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last issued its 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 company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. Equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal 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 $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on O. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Mizuho upped their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. UBS Group upped their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Barclays increased their price objective on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Finally, Scotiabank increased their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $62.36.

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.