Baugh & Associates LLC Sells 976 Shares of Realty Income Co. (NYSE:O)

Baugh & Associates LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,588 shares of the real estate investment trust’s stock after selling 976 shares during the period. Realty Income comprises approximately 2.3% of Baugh & Associates LLC’s holdings, making the stock its 22nd largest holding. Baugh & Associates LLC’s holdings in Realty Income were worth $4,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baystate Wealth Management LLC boosted its holdings in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. First Affirmative Financial Network raised its stake in Realty Income by 2.1% during the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 201 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in shares of Realty Income by 0.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock worth $3,812,000 after buying an additional 204 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Realty Income by 0.6% in the 4th quarter. 1832 Asset Management L.P. now owns 36,299 shares of the real estate investment trust’s stock worth $2,084,000 after buying an additional 207 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Realty Income by 24.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 208 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on O shares. UBS Group decreased their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Mizuho lifted their target price on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, Scotiabank raised their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $61.35.

Insider Activity

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

Realty Income Trading Down 0.2 %

Shares of NYSE:O traded down $0.11 during midday trading on Friday, reaching $52.32. 3,023,602 shares of the company’s stock were exchanged, compared to its average volume of 6,362,126. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm’s 50 day simple moving average is $53.63 and its two-hundred day simple moving average is $54.15. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The stock has a market cap of $45.56 billion, a price-to-earnings ratio of 48.44, a P/E/G ratio of 4.58 and a beta of 0.94.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s revenue was up 33.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

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.