Realty Income Corporation (NYSE:O) Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. reduced its stake in Realty Income Corporation (NYSE:O) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,964 shares of the real estate investment trust’s stock after selling 492 shares during the period. Howard Capital Management Inc.’s holdings in Realty Income were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. PSI Advisors LLC raised its holdings in shares of Realty Income by 78.3% during the first 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 period. Fourth Dimension Wealth LLC purchased a new position in Realty Income during the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC lifted its position 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 worth $36,000 after buying an additional 455 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Realty Income in the fourth quarter worth $37,000. Finally, CVA Family Office LLC raised its holdings in shares of Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.7%

Shares of NYSE O opened at $56.54 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company’s 50 day simple moving average is $57.10 and its 200 day simple moving average is $56.33. The firm has a market capitalization of $51.06 billion, a P/E ratio of 51.40, a P/E/G ratio of 3.94 and a beta of 0.76.

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

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on O shares. UBS Group cut their price target on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Stifel Nicolaus raised their price objective on Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush restated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.15.

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.