Stoneridge Investment Partners LLC Sells 61,320 Shares of Realty Income Corporation $O

Stoneridge Investment Partners LLC trimmed its holdings in Realty Income Corporation (NYSE:O) by 74.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,115 shares of the real estate investment trust’s stock after selling 61,320 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Realty Income were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the 1st quarter valued at about $26,000. PSI Advisors LLC lifted its holdings in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income in the fourth quarter worth $34,000. FSC Wealth Advisors LLC lifted its holdings in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 455 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in shares of Realty Income in the fourth quarter worth $37,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 1.9%

NYSE O opened at $58.9640 on Wednesday. The company’s 50-day moving average price is $57.45 and its 200-day moving average price is $56.61. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $53.91 billion, a PE ratio of 57.25, a PEG ratio of 4.42 and a beta of 0.76. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS 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 the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. Equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income’s previous monthly dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Wedbush reaffirmed a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group upped their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Scotiabank upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Finally, Barclays reiterated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus target price of $61.73.

Realty Income 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.