Realty Income Co. (NYSE:O) Holdings Cut by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. reduced its stake in Realty Income Co. (NYSE:O) by 2.1% in the second quarter, HoldingsChannel.com reports. The fund owned 13,218 shares of the real estate investment trust’s stock after selling 281 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Realty Income were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in O. American National Bank bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $25,000. Vima LLC acquired a new position in Realty Income during the 4th quarter worth $25,000. Pacifica Partners Inc. increased its holdings in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares during the period. WASHINGTON TRUST Co lifted its holdings in 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 during the period. Finally, Northwest Investment Counselors LLC acquired a new position in Realty Income during the 1st quarter valued at about $27,000. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Mizuho upped their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. KeyCorp started coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Stifel Nicolaus upped their price target on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $62.02.

Realty Income Price Performance

O opened at $62.11 on Friday. The firm has a market capitalization of $54.09 billion, a P/E ratio of 57.51, a PEG ratio of 4.62 and a beta of 0.96. The stock has a fifty day moving average of $57.53 and a 200-day moving average of $54.64. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $62.41.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. Equities analysts forecast that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.263 per share. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio is currently 292.59%.

Insider Activity at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

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.