Realty Income Corporation $O Holdings Trimmed by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lowered its position in shares of Realty Income Corporation (NYSE:O) by 24.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,409,181 shares of the real estate investment trust’s stock after selling 791,831 shares during the quarter. Bahl & Gaynor Inc. owned 0.27% of Realty Income worth $139,757,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in shares of Realty Income in the 1st quarter valued at $26,000. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% in the 1st 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 during the period. FSC Wealth Advisors LLC boosted its position in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 455 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $34,000. Finally, Orion Capital Management LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $37,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 1.2%

Shares of Realty Income stock opened at $58.8670 on Friday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The stock has a 50-day moving average price of $57.55 and a 200 day moving average price of $56.70. 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 company has a market cap of $53.82 billion, a P/E ratio of 57.15, a P/E/G ratio of 4.55 and a beta of 0.76.

Realty Income (NYSE:O) last posted 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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.269 per share. This is a boost from Realty Income’s previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Stifel Nicolaus increased their price target on Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Scotiabank increased their price target on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Barclays increased their price target on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Wedbush reiterated a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $61.82.

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.