QRG Capital Management Inc. Decreases Position in Realty Income Co. (NYSE:O)

QRG Capital Management Inc. decreased its stake in shares of Realty Income Co. (NYSE:O) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,834 shares of the real estate investment trust’s stock after selling 932 shares during the period. QRG Capital Management Inc.’s holdings in Realty Income were worth $2,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC increased its holdings in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares during the last quarter. WASHINGTON TRUST Co increased its stake in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of Realty Income by 1.5% in the first quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 199 shares in the last quarter. First Affirmative Financial Network increased its stake in shares of Realty Income by 2.1% in the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 201 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in shares of Realty Income by 0.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock worth $3,812,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on O shares. UBS Group cut their target price 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. Scotiabank raised their target price on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. KeyCorp started coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Mizuho raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company 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.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $61.35.

Realty Income Stock Up 0.7 %

Shares of Realty Income stock traded up $0.39 on Tuesday, reaching $56.37. The stock had a trading volume of 4,891,675 shares, compared to its average volume of 6,234,849. The company has a 50 day moving average price of $53.50 and a 200 day moving average price of $53.81. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The stock has a market capitalization of $49.09 billion, a P/E ratio of 51.81, a P/E/G ratio of 4.85 and a beta of 0.97.

Realty Income (NYSE:O) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities research analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The company also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 292.59%.

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.