Realty Income Corporation $O Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its stake in shares of Realty Income Corporation (NYSE:OFree Report) by 6.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,775 shares of the real estate investment trust’s stock after selling 1,449 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Realty Income were worth $1,254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Nuveen LLC acquired a new stake in Realty Income during the 1st quarter worth about $207,573,000. Vanguard Group Inc. grew its position in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares during the period. Centersquare Investment Management LLC grew its position in Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after purchasing an additional 1,055,840 shares during the period. Raymond James Financial Inc. grew its position in Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock worth $658,813,000 after purchasing an additional 992,303 shares during the period. Finally, Adelante Capital Management LLC grew its position in Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock worth $49,928,000 after purchasing an additional 802,526 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 0.6%

Shares of Realty Income stock opened at $60.41 on Friday. The firm has a market capitalization of $55.24 billion, a PE ratio of 58.65, a P/E/G ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The firm’s 50-day moving average price is $58.73 and its 200 day moving average price is $57.37. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.4%. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is 313.59%.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of several analyst reports. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Saturday, September 27th. Cantor Fitzgerald initiated coverage on Realty Income in a research report on Wednesday. They set a “neutral” rating and a $64.00 target price on the stock. Mizuho raised their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, Evercore ISI initiated coverage on Realty Income in a research report on Wednesday. They set an “in-line” rating and a $62.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $62.25.

Get Our Latest Research Report on Realty Income

Realty Income Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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