Realty Income Corporation $O Stock Holdings Trimmed by Fortitude Family Office LLC

Fortitude Family Office LLC lowered its holdings in shares of Realty Income Corporation (NYSE:O) by 61.2% during the 2nd quarter, Holdings Channel reports. The fund owned 751 shares of the real estate investment trust’s stock after selling 1,185 shares during the period. Fortitude Family Office LLC’s holdings in Realty Income were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the 1st quarter valued at $26,000. PSI Advisors LLC increased its position in shares of Realty Income by 78.3% during 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 increased its position in shares of Realty Income by 288.0% during 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. CBIZ Investment Advisory Services LLC increased its position in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 303 shares during the period. Finally, Banque Transatlantique SA acquired a new position in shares of Realty Income during the 1st quarter valued at $45,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho lifted their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Scotiabank lifted their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus price target of $62.36.

Realty Income Price Performance

O opened at $59.58 on Wednesday. The stock has a market cap of $54.47 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 4.51 and a beta of 0.77. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. 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 fifty day moving average price of $58.24 and a 200 day moving average price of $57.18.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) 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 analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. Analysts forecast 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. Investors of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. The ex-dividend date of this dividend 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 yield of 5.4%. Realty Income’s payout ratio 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.