Realty Income Corporation $O Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC trimmed its stake in shares of Realty Income Corporation (NYSE:O) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,722 shares of the real estate investment trust’s stock after selling 685 shares during the period. Schnieders Capital Management LLC’s holdings in Realty Income were worth $1,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Norinchukin Bank The lifted its stake in Realty Income by 9.7% in the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after acquiring an additional 7,497 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Realty Income by 2.7% in the 2nd quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock valued at $15,134,000 after purchasing an additional 6,885 shares during the period. Victory Capital Management Inc. lifted its position in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Community Bank of Raymore boosted its holdings in shares of Realty Income by 19.7% during the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after purchasing an additional 24,467 shares during the period. Finally, Venture Visionary Partners LLC boosted its holdings in shares of Realty Income by 6.2% during the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after purchasing an additional 8,297 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 1.1%

Shares of O stock opened at $59.97 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a fifty day moving average price of $59.16 and a 200 day moving average price of $57.56. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The stock has a market cap of $54.83 billion, a P/E ratio of 58.22, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $1.07 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income’s dividend payout ratio is presently 313.59%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on O shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Evercore ISI started coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Cantor Fitzgerald began coverage on Realty Income in a research report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.25.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.