Modera Wealth Management LLC Cuts Stake in Realty Income Corporation (NYSE:O)

Modera Wealth Management LLC trimmed its position in Realty Income Corporation (NYSE:O) by 10.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,382 shares of the real estate investment trust’s stock after selling 522 shares during the period. Modera Wealth Management LLC’s holdings in Realty Income were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC raised its holdings in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in Realty Income during the fourth quarter worth approximately $34,000. FSC Wealth Advisors LLC grew its holdings in Realty Income by 288.0% in 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 in the last quarter. Orion Capital Management LLC purchased a new position in Realty Income during the fourth quarter worth about $37,000. Finally, CVA Family Office LLC grew its stake in shares of Realty Income by 52.8% in the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 272 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Wedbush reissued a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group dropped their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Barclays restated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus target price of $61.15.

Realty Income Stock Up 0.7%

Shares of NYSE:O opened at $56.54 on Friday. The firm has a market cap of $51.06 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 3.94 and a beta of 0.76. The company has a fifty day simple moving average of $57.10 and a 200 day simple moving average of $56.33. 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 Corporation has a 12-month low of $50.71 and a 12-month high of $64.88.

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

Realty Income Announces Dividend

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income’s payout ratio is 293.64%.

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.