Realty Income Corporation $O Shares Sold by Walleye Capital LLC

Key Points

• Walleye Capital LLC significantly reduced its stake in Realty Income Corporation by selling 18,760 shares, lowering its holdings by 83.7% to 3,657 shares valued at $212,000.
• Realty Income recently announced an increase in its monthly dividend to $0.269, reflecting a 5.5% annualized yield, with the dividend payout ratio at 313.59%.
• The company reported $1.05 EPS for the last quarter, missing analysts' expectations by $0.01, despite a 5.3% revenue increase year-over-year.

Walleye Capital LLC lowered its stake in Realty Income Corporation (NYSE:O - Free Report) by 83.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,657 shares of the real estate investment trust's stock after selling 18,760 shares during the quarter. Walleye Capital LLC's holdings in Realty Income were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ICONIQ Capital LLC bought a new stake in shares of Realty Income in the first quarter valued at $231,000. Jump Financial LLC purchased a new position in shares of Realty Income in the first quarter valued at about $790,000. Smartleaf Asset Management LLC raised its holdings in Realty Income by 13.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,428 shares of the real estate investment trust's stock worth $194,000 after purchasing an additional 417 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Realty Income by 0.4% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 167,372 shares of the real estate investment trust's stock valued at $9,709,000 after purchasing an additional 599 shares in the last quarter. Finally, Groupe la Francaise lifted its position in Realty Income by 20.2% during the 1st quarter. Groupe la Francaise now owns 11,657 shares of the real estate investment trust's stock valued at $655,000 after acquiring an additional 1,958 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.94 during trading on Friday, hitting $59.22. 5,316,633 shares of the stock traded hands, compared to its average volume of 4,953,277. The company has a fifty day moving average price of $57.72 and a two-hundred day moving average price of $56.97. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. 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 $54.14 billion, a price-to-earnings ratio of 57.49, a P/E/G ratio of 4.45 and a beta of 0.77.

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

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.269 dividend. This is a boost from Realty Income's previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income's dividend payout ratio is currently 313.59%.

Analyst Upgrades and Downgrades

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

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.