KCM Investment Advisors LLC Sells 1,187 Shares of Realty Income Corporation $O

KCM Investment Advisors LLC decreased its stake in shares of Realty Income Corporation (NYSE:O) by 0.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 200,811 shares of the real estate investment trust’s stock after selling 1,187 shares during the period. KCM Investment Advisors LLC’s holdings in Realty Income were worth $11,569,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC bought a new stake in Realty Income during the 4th quarter worth approximately $571,000. Brown Advisory Inc. lifted its stake in Realty Income by 26.0% in the 1st quarter. Brown Advisory Inc. now owns 11,319 shares of the real estate investment trust’s stock worth $657,000 after purchasing an additional 2,339 shares in the last quarter. Allworth Financial LP boosted its holdings in Realty Income by 4.4% in the 1st quarter. Allworth Financial LP now owns 280,370 shares of the real estate investment trust’s stock valued at $16,023,000 after purchasing an additional 11,858 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Realty Income by 12.2% in the 1st quarter. Cerity Partners LLC now owns 97,764 shares of the real estate investment trust’s stock valued at $5,671,000 after purchasing an additional 10,635 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.9%

Shares of O stock opened at $56.83 on Friday. The business has a 50-day moving average price of $59.21 and a two-hundred day moving average price of $57.88. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market cap of $51.96 billion, a P/E ratio of 55.17, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

O has been the topic of a number of recent analyst reports. Mizuho increased their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Royal Bank Of Canada upped their target price on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.33.

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.