LVM Capital Management Ltd. MI Trims Stake in Realty Income Corporation $O

LVM Capital Management Ltd. MI trimmed its stake in Realty Income Corporation (NYSE:O) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,602 shares of the real estate investment trust’s stock after selling 663 shares during the period. LVM Capital Management Ltd. MI’s holdings in Realty Income were worth $4,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Park National Corp OH increased its stake in shares of Realty Income by 6.8% in the 2nd quarter. Park National Corp OH now owns 132,395 shares of the real estate investment trust’s stock worth $7,627,000 after purchasing an additional 8,463 shares in the last quarter. Cullen Investment Group LTD. increased its stake in shares of Realty Income by 18.1% in the 2nd quarter. Cullen Investment Group LTD. now owns 94,134 shares of the real estate investment trust’s stock worth $5,423,000 after purchasing an additional 14,414 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Realty Income in the 1st quarter worth $2,019,000. Swedbank AB increased its stake in shares of Realty Income by 75.0% in the 1st quarter. Swedbank AB now owns 118,586 shares of the real estate investment trust’s stock worth $6,879,000 after purchasing an additional 50,814 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Realty Income by 0.3% in the 1st quarter. Voya Investment Management LLC now owns 250,414 shares of the real estate investment trust’s stock worth $14,527,000 after purchasing an additional 783 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on O shares. Mizuho upped their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Barclays raised their price target on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, UBS Group raised their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.36.

Realty Income Trading Up 0.4%

Shares of Realty Income stock opened at $60.43 on Friday. The firm has a market cap of $55.25 billion, a price-to-earnings ratio of 58.67, a PEG ratio of 4.60 and a beta of 0.77. The business has a 50-day moving average price of $57.92 and a 200-day moving average price of $57.08. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings data 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 firm had revenue of $1.34 billion for 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 revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is 313.59%.

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.