Stoneridge Investment Partners LLC Sells 61,320 Shares of Realty Income Corporation $O

Key Points

• Stoneridge Investment Partners LLC has reduced its stake in Realty Income Corporation by 74.4%, selling 61,320 shares and now holding only 21,115 shares valued at $1,225,000.
• The company recently declared a monthly dividend increase to $0.269 per share, which reflects an annualized yield of 5.5% and a dividend payout ratio of 313.59%.
• Realty Income's most recent earnings report showed an EPS of $1.05, slightly missing analysts' expectations, while quarterly revenue increased by 5.3% compared to the previous year.

Stoneridge Investment Partners LLC lessened its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 74.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,115 shares of the real estate investment trust's stock after selling 61,320 shares during the period. Stoneridge Investment Partners LLC's holdings in Realty Income were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aspire Growth Partners LLC grew its stake in Realty Income by 26.3% in the 1st quarter. Aspire Growth Partners LLC now owns 5,465 shares of the real estate investment trust's stock worth $310,000 after buying an additional 1,137 shares in the last quarter. Capital Analysts LLC grew its stake in Realty Income by 18.8% in the 1st quarter. Capital Analysts LLC now owns 1,854 shares of the real estate investment trust's stock worth $107,000 after buying an additional 294 shares in the last quarter. Level Four Advisory Services LLC grew its stake in Realty Income by 3.4% in the 1st quarter. Level Four Advisory Services LLC now owns 78,197 shares of the real estate investment trust's stock worth $4,536,000 after buying an additional 2,574 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Realty Income by 6.2% in the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock worth $8,266,000 after buying an additional 8,297 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Realty Income by 5.3% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,173 shares of the real estate investment trust's stock worth $1,169,000 after buying an additional 1,014 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 1.9%

NYSE:O opened at $58.9640 on Wednesday. The company has a fifty day moving average of $57.45 and a 200 day moving average of $56.61. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. 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 firm has a market capitalization of $53.91 billion, a P/E ratio of 57.25, a P/E/G ratio of 4.42 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly 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 net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company earned $1.07 earnings per share. The company's quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. The ex-dividend date is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on O. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. 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. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Realty Income has an average rating of "Hold" and an average target price of $61.73.

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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