Beech Hill Advisors Inc. Cuts Stake in Realty Income Corporation (NYSE:O)

Beech Hill Advisors Inc. cut its holdings in Realty Income Corporation (NYSE:O) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,885 shares of the real estate investment trust’s stock after selling 615 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Realty Income were worth $1,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smith Moore & CO. raised its position in shares of Realty Income by 4.8% in the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 201 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 218 shares during the last quarter. Kentucky Trust Co boosted its holdings in shares of Realty Income by 2.6% in the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 225 shares in the last quarter. Howard Capital Management Inc. grew its position in shares of Realty Income by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 229 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust’s stock worth $675,000 after acquiring an additional 241 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on O. Barclays restated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank Of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.15.

Realty Income Trading Down 1.5%

Shares of NYSE:O opened at $57.11 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The business has a 50 day moving average of $56.80 and a two-hundred day moving average of $55.62. The company has a market capitalization of $51.57 billion, a PE ratio of 51.92, a PEG ratio of 4.05 and a beta of 0.76.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.03 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a yield of 5.6%. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. Realty Income’s dividend payout ratio is currently 292.73%.

About Realty Income

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.