Venture Visionary Partners LLC Cuts Stake in Realty Income Corporation $O

Key Points

• Venture Visionary Partners LLC has reduced its stake in Realty Income Corporation by 8.1%, owning 131,016 shares valued at $7.5 million after selling 11,480 shares.
• Realty Income has declared a monthly dividend of $0.2695 per share, representing an annualized yield of 5.3%, which is an increase from its previous dividend of $0.27.
• Analyst ratings for Realty Income show a mixed outlook, with several raising target prices, while the average rating remains a "Hold" with a target price of $62.36.

Venture Visionary Partners LLC reduced its stake in Realty Income Corporation (NYSE:O - Free Report) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,016 shares of the real estate investment trust's stock after selling 11,480 shares during the period. Venture Visionary Partners LLC's holdings in Realty Income were worth $7,548,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Realty Income during the second quarter valued at $25,000. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the first quarter valued at $26,000. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC boosted its position in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 303 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on O. Mizuho increased their target price on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Scotiabank lifted their target price on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Finally, UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $62.36.

Realty Income Price Performance

Shares of O stock opened at $60.48 on Tuesday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The stock has a market capitalization of $55.30 billion, a price-to-earnings ratio of 58.72, a P/E/G ratio of 4.61 and a beta of 0.77. The stock has a fifty day simple moving average of $58.53 and a two-hundred day simple moving average of $57.28. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the company earned $1.07 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Wednesday, October 1st. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Realty Income 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.

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