Synergy Asset Management LLC Lowers Holdings in Realty Income Corporation (NYSE:O)

Synergy Asset Management LLC cut its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 25.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,887 shares of the real estate investment trust's stock after selling 38,542 shares during the quarter. Realty Income makes up about 0.8% of Synergy Asset Management LLC's investment portfolio, making the stock its 29th largest position. Synergy Asset Management LLC's holdings in Realty Income were worth $6,433,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of O. Vanguard Group Inc. grew its position in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after acquiring an additional 555,908 shares during the last quarter. Geode Capital Management LLC grew its position in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. Northern Trust Corp grew its position in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Norges Bank bought a new position in Realty Income during the 4th quarter worth approximately $624,666,000. Finally, Raymond James Financial Inc. bought a new position in Realty Income during the 4th quarter worth approximately $553,572,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on O. Royal Bank Of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. UBS Group dropped their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Scotiabank increased their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Realty Income currently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Stock Up 2.1%

Shares of NYSE O traded up $1.22 during mid-day trading on Monday, hitting $58.40. 5,165,730 shares of the stock traded hands, compared to its average volume of 5,222,429. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a market cap of $52.74 billion, a price-to-earnings ratio of 53.09, a PEG ratio of 4.00 and a beta of 0.76. The stock has a fifty day moving average price of $56.74 and a 200-day moving average price of $55.57.

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

Realty Income Increases Dividend

The company also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. Realty Income's payout ratio 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.