Realty Income Corporation (NYSE:O) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. cut its position in Realty Income Corporation (NYSE:O) by 2.2% during the first quarter, HoldingsChannel.com reports. The fund owned 26,885 shares of the real estate investment trust’s stock after selling 615 shares during the period. Beech Hill Advisors Inc.’s holdings in Realty Income were worth $1,560,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in O. Lee Danner & Bass Inc. acquired a new position in Realty Income during the fourth quarter worth $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $29,000. PSI Advisors LLC increased its holdings 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 worth $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC raised 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 buying an additional 455 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $34,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading 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 company’s 50 day moving average is $56.80 and its two-hundred day moving average is $55.62. The company has a market cap of $51.57 billion, a PE ratio of 51.92, a P/E/G ratio of 4.05 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. Realty Income’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. Equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a yield of 5.6%. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. Realty Income’s dividend payout ratio is 292.73%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on O shares. Mizuho raised their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Wedbush restated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. UBS Group lowered their target price on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.15.

Realty Income 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.