TD Private Client Wealth LLC cut its stake in Realty Income Corporation (NYSE:O – Free Report) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,754 shares of the real estate investment trust’s stock after selling 8,827 shares during the period. TD Private Client Wealth LLC’s holdings in Realty Income were worth $3,143,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Stance Capital LLC bought a new position in shares of Realty Income in the third quarter valued at approximately $27,000. Strengthening Families & Communities LLC boosted its holdings in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 422 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in Realty Income by 68.7% during the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Realty Income by 622.2% during the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 560 shares in the last quarter. Finally, Costello Asset Management INC bought a new stake in Realty Income during the fourth quarter worth approximately $37,000. 70.81% of the stock is currently owned by institutional investors.
Insider Transactions at Realty Income
In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the sale, the insider owned 67,641 shares in the company, valued at $4,222,151.22. This represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.
Realty Income Stock Up 0.9%
Realty Income (NYSE:O – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, research analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current year.
Realty Income Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.2705 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Realty Income’s dividend payout ratio is presently 266.39%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Tuesday, January 20th. Loop Capital set a $69.00 target price on shares of Realty Income in a report on Monday, March 2nd. Scotiabank restated an “outperform” rating on shares of Realty Income in a report on Tuesday, May 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a report on Friday, April 10th. Finally, Evercore restated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.35.
View Our Latest Stock Analysis on O
Realty Income Company Profile
Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.
Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.
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