ProShare Advisors LLC Reduces Stock Position in Realty Income Corporation $O

ProShare Advisors LLC trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 11.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,912,217 shares of the real estate investment trust’s stock after selling 375,439 shares during the period. ProShare Advisors LLC owned 0.32% of Realty Income worth $167,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Realty Income by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock valued at $702,381,000 after acquiring an additional 451,307 shares in the last quarter. Invesco Ltd. boosted its stake in Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock valued at $662,589,000 after acquiring an additional 48,024 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock worth $658,813,000 after purchasing an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Realty Income by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust’s stock worth $586,644,000 after purchasing an additional 123,501 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’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 transaction of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Realty Income Stock Performance

Realty Income stock opened at $56.83 on Monday. The company has a market cap of $52.27 billion, a price-to-earnings ratio of 55.17, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.08. 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’s 50-day moving average is $59.21 and its 200-day moving average is $57.87.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.35 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. 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 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income’s dividend payout ratio is presently 299.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on O. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Wall Street Zen raised Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada boosted their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Mizuho increased their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $62.33.

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.