Realty Income Co. (NYSE:O) Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC cut its stake in Realty Income Co. (NYSE:O - Free Report) by 53.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,404 shares of the real estate investment trust's stock after selling 19,718 shares during the period. Teamwork Financial Advisors LLC's holdings in Realty Income were worth $1,010,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 555,908 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the period. Norges Bank bought a new position in shares of Realty Income in the 4th quarter worth $624,666,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the 4th quarter worth $553,572,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Realty Income stock traded down $0.15 during mid-day trading on Thursday, hitting $55.77. The company had a trading volume of 4,881,799 shares, compared to its average volume of 5,190,466. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company's fifty day moving average is $56.20 and its 200-day moving average is $55.59. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a market capitalization of $50.36 billion, a price-to-earnings ratio of 53.11, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company's quarterly revenue 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 predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio (DPR) is 292.73%.

Analysts Set New Price Targets

Several research firms have issued reports on O. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Stifel Nicolaus upped their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Mizuho boosted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, 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 note on Monday, May 12th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $61.15.

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.