Kingswood Wealth Advisors LLC Sells 1,316 Shares of Realty Income Co. (NYSE:O)

Kingswood Wealth Advisors LLC lowered its stake in Realty Income Co. (NYSE:O) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,945 shares of the real estate investment trust’s stock after selling 1,316 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Realty Income were worth $1,241,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. American National Bank bought a new stake in Realty Income during the fourth quarter valued at approximately $25,000. Vima LLC bought a new stake in shares of Realty Income during the 4th quarter valued at $25,000. Northwest Investment Counselors LLC bought a new position in Realty Income in the 1st quarter worth $27,000. Baystate Wealth Management LLC raised its holdings in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the period. Finally, CVA Family Office LLC bought a new stake in Realty Income during the fourth quarter valued at about $29,000. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

O has been the subject of several research analyst reports. Scotiabank increased their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. UBS Group dropped their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.35.

Realty Income Stock Down 1.4 %

Shares of O stock traded down $0.73 during trading hours on Tuesday, reaching $52.91. 5,554,305 shares of the company’s stock were exchanged, compared to its average volume of 6,404,119. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market cap of $46.07 billion, a PE ratio of 48.99, a PEG ratio of 4.63 and a beta of 0.94. The stock’s fifty day moving average price is $53.60 and its two-hundred day moving average price is $54.16.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Research analysts predict that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a dividend yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio is presently 291.67%.

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.