Baugh & Associates LLC Sells 882 Shares of Realty Income Corporation (NYSE:O)

Baugh & Associates LLC lessened its stake in shares of Realty Income Corporation (NYSE:O) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 77,783 shares of the real estate investment trust’s stock after selling 882 shares during the quarter. Realty Income makes up approximately 2.2% of Baugh & Associates LLC’s investment portfolio, making the stock its 26th biggest holding. Baugh & Associates LLC’s holdings in Realty Income were worth $4,318,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Realty Income during the fourth quarter valued at $624,666,000. Raymond James Financial Inc. bought a new position in Realty Income in the 4th quarter worth about $553,572,000. Northern Trust Corp increased its position in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock valued at $205,628,000 after purchasing an additional 811,037 shares during the period. Finally, GAMMA Investing LLC grew its stake in Realty Income by 6,002.1% in the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust’s stock worth $40,988,000 after purchasing an additional 694,983 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on O shares. Barclays restated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Stifel Nicolaus boosted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Mizuho upped their target price on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Finally, Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $61.15.

Realty Income Stock Down 1.5%

Shares of NYSE:O opened at $57.11 on Thursday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The stock has a market cap of $51.57 billion, a P/E ratio of 51.92, a PEG ratio of 4.05 and a beta of 0.76. The business has a fifty day moving average of $56.80 and a two-hundred day moving average of $55.62. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. On average, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.269 per share. The ex-dividend date is Tuesday, July 1st. This is a boost from Realty Income’s previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is currently 292.73%.

Realty Income Company Profile

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.