Realty Income Corporation (NYSE:O) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Realty Income Corporation by 4.1%, selling 17,565 shares and holding a total of 411,595 shares valued at approximately $23.88 million.
• Realty Income reported a net margin of 18.15% for its last quarter, with earnings per share of $1.06 and revenue exceeding estimates at $1.31 billion.
• The company declared a $0.269 dividend to be paid on August 15, representing a dividend yield of 5.7% and a payout ratio of 293.64%.

TD Asset Management Inc decreased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 411,595 shares of the real estate investment trust's stock after selling 17,565 shares during the quarter. TD Asset Management Inc's holdings in Realty Income were worth $23,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. PSI Advisors LLC lifted its holdings in 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 buying an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Realty Income during the 4th quarter worth $34,000. FSC Wealth Advisors LLC increased its holdings in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares during the period. Orion Capital Management LLC purchased a new stake in Realty Income during the 4th quarter worth about $37,000. Finally, CVA Family Office LLC raised its position in Realty Income by 52.8% in the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on O shares. UBS Group cut their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lowered their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Scotiabank raised their target price on 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, Stifel Nicolaus increased their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Price Performance

Shares of NYSE O traded down $0.55 during midday trading on Wednesday, hitting $56.81. The company had a trading volume of 3,836,923 shares, compared to its average volume of 4,804,722. The firm has a market capitalization of $51.30 billion, a price-to-earnings ratio of 51.65, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The business has a 50-day simple moving average of $57.06 and a two-hundred day simple moving average of $56.28. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

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

Realty Income Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is currently 293.64%.

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.