Russell Investments Group Ltd. Lowers Stock Position in Realty Income Corporation (NYSE:O)

Russell Investments Group Ltd. decreased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,377,512 shares of the real estate investment trust's stock after selling 23,121 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of Realty Income worth $79,866,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC raised its position 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 purchasing an additional 186 shares during the last quarter. Associated Banc Corp raised its position 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 purchasing an additional 192 shares during the last quarter. Kentucky Trust Co raised its position in shares of Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares during the last quarter. Finally, PSI Advisors LLC raised its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.5%

O stock opened at $57.69 on Wednesday. The company has a market cap of $52.75 billion, a price-to-earnings ratio of 56.01, a PEG ratio of 4.04 and a beta of 0.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $57.26 and a 200-day simple moving average of $56.49. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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 company earned $1.07 earnings per share. The company's quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.269 per share. This represents a yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is 312.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on O. Wedbush reiterated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, Scotiabank boosted their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $61.36.

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.

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