Y Intercept Hong Kong Ltd Lowers Stake in Realty Income Corporation (NYSE:O)

Y Intercept Hong Kong Ltd lowered its stake in Realty Income Corporation (NYSE:O - Free Report) by 48.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,506 shares of the real estate investment trust's stock after selling 36,142 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Realty Income were worth $2,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. Victory Capital Management Inc. raised its position in Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after acquiring an additional 19,965 shares during the period. Employees Retirement System of Texas grew its holdings in Realty Income by 19.0% during the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares during the period. Sterling Capital Management LLC grew its holdings in Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after purchasing an additional 19,527 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Realty Income during the first quarter valued at about $1,470,000. Finally, Renaissance Technologies LLC grew its holdings in Realty Income by 21.6% during the fourth quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after purchasing an additional 127,300 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on O shares. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. UBS Group decreased 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. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus raised their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

NYSE O traded down $0.12 on Friday, reaching $57.90. The company had a trading volume of 4,435,850 shares, compared to its average volume of 5,066,471. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $52.29 billion, a PE ratio of 52.64, a price-to-earnings-growth ratio of 4.06 and a beta of 0.75. The firm's 50 day moving average price is $56.99 and its 200 day moving average price is $56.20. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

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

Realty Income Announces Dividend

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

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.