Realty Income Co. (NYSE:O) Shares Sold by XML Financial LLC

XML Financial LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 12.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,100 shares of the real estate investment trust’s stock after selling 697 shares during the quarter. XML Financial LLC’s holdings in Realty Income were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. American National Bank bought a new stake in shares of Realty Income during the 4th quarter worth about $25,000. Vima LLC acquired a new position in shares of Realty Income in the 4th quarter worth approximately $25,000. Pacifica Partners Inc. raised its holdings in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Realty Income during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on O. Wedbush began coverage on Realty Income in a research note on Monday. They set a “neutral” rating and a $64.00 price objective on the stock. Scotiabank boosted their price target 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Mizuho increased their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, UBS Group upped their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $61.73.

Realty Income Stock Up 0.6 %

Shares of Realty Income stock traded up $0.36 on Wednesday, reaching $60.92. The stock had a trading volume of 3,303,844 shares, compared to its average volume of 6,071,988. The stock has a market capitalization of $53.05 billion, a P/E ratio of 56.41, a P/E/G ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $61.60. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average price of $56.35 and a 200 day moving average price of $54.21.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. As a group, equities research analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 3rd. Realty Income’s dividend payout ratio (DPR) is currently 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.