Sowell Financial Services LLC Sells 5,928 Shares of Realty Income Corporation (NYSE:O)

Sowell Financial Services LLC lessened its holdings in Realty Income Corporation (NYSE:O - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,325 shares of the real estate investment trust's stock after selling 5,928 shares during the period. Sowell Financial Services LLC's holdings in Realty Income were worth $1,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Lee Danner & Bass Inc. purchased a new position in Realty Income in the fourth quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income in the 4th quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new stake in Realty Income during the fourth quarter worth about $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income during the fourth quarter worth $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on O shares. UBS Group decreased their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Trading Up 0.0%

Shares of NYSE:O traded up $0.01 on Friday, hitting $57.59. 3,482,257 shares of the company's stock were exchanged, compared to its average volume of 5,210,724. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The business's 50 day simple moving average is $56.70 and its two-hundred day simple moving average is $55.57. The stock has a market capitalization of $52.00 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 4.02 and a beta of 0.76. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. Analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a $0.269 dividend. The ex-dividend date is Tuesday, July 1st. This is a boost from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

Realty Income Company 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.