Aew Capital Management L P Lowers Stake in Realty Income Corporation $O

Aew Capital Management L P cut its holdings in Realty Income Corporation (NYSE:O) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,869,633 shares of the real estate investment trust’s stock after selling 269,445 shares during the period. Realty Income makes up 7.6% of Aew Capital Management L P’s investment portfolio, making the stock its 3rd largest position. Aew Capital Management L P’s holdings in Realty Income were worth $105,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prevail Innovative Wealth Advisors LLC lifted its stake in Realty Income by 12.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 28,838 shares of the real estate investment trust’s stock valued at $1,626,000 after acquiring an additional 3,150 shares during the period. Griffin Asset Management Inc. lifted its stake in Realty Income by 47.2% during the 4th quarter. Griffin Asset Management Inc. now owns 12,866 shares of the real estate investment trust’s stock valued at $725,000 after acquiring an additional 4,123 shares during the period. Reliant Investment Partners LLC lifted its stake in Realty Income by 6.8% during the 4th quarter. Reliant Investment Partners LLC now owns 5,242 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 333 shares during the period. IFP Advisors Inc lifted its stake in Realty Income by 10.2% during the 4th quarter. IFP Advisors Inc now owns 56,550 shares of the real estate investment trust’s stock valued at $3,188,000 after acquiring an additional 5,212 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in Realty Income by 35.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 14,543 shares of the real estate investment trust’s stock valued at $820,000 after acquiring an additional 3,835 shares during the period. 70.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Realty Income

In other news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the transaction, the insider owned 67,641 shares in the company, valued at $4,222,151.22. This represents a 9.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on O. Cantor Fitzgerald upped their target price on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. UBS Group increased their price target on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 9th. Morgan Stanley set a $67.00 price target on Realty Income in a report on Monday, April 27th. Finally, Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.35.

Realty Income Price Performance

Shares of NYSE:O opened at $62.21 on Thursday. The firm’s 50 day moving average price is $62.81 and its 200-day moving average price is $60.94. Realty Income Corporation has a twelve month low of $54.64 and a twelve month high of $67.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $58.01 billion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 4.84 and a beta of 0.75.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business earned $1.06 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts expect that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.2705 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, May 29th. Realty Income’s dividend payout ratio is 266.39%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.