Franklin Resources Inc. Sells 129,122 Shares of Realty Income Corporation $O

Franklin Resources Inc. reduced its stake in Realty Income Corporation (NYSE:O) by 19.1% during the second quarter, Holdings Channel.com reports. The fund owned 546,142 shares of the real estate investment trust’s stock after selling 129,122 shares during the quarter. Franklin Resources Inc.’s holdings in Realty Income were worth $31,463,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Moseley Investment Management Inc. grew its stake in Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC lifted its holdings in shares of Realty Income by 0.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 177 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Realty Income by 10.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 177 shares in the last quarter. Revisor Wealth Management LLC increased its stake in shares of Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 178 shares during the period. Finally, Pure Financial Advisors LLC raised its holdings in shares of Realty Income by 3.5% in the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 185 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $57.21 on Thursday. The company has a 50 day moving average of $58.57 and a two-hundred day moving average of $57.85. 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 $61.08. The company has a market cap of $52.63 billion, a price-to-earnings ratio of 55.54, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income’s dividend payout ratio is currently 299.07%.

Wall Street Analysts Forecast Growth

O has been the topic of several recent research reports. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Barclays upped their price target on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Wall Street Zen raised shares of Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a report on Tuesday. Finally, Mizuho increased their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.15.

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.