Anchor Capital Advisors LLC Sells 1,813 Shares of Realty Income Corporation $O

Anchor Capital Advisors LLC trimmed its position in shares of Realty Income Corporation (NYSE:O) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,289 shares of the real estate investment trust’s stock after selling 1,813 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Realty Income were worth $12,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norinchukin Bank The raised its holdings 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 purchasing an additional 7,497 shares during the period. Trust Co. of Vermont raised its holdings in 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 worth $15,134,000 after purchasing an additional 6,885 shares during the period. Victory Capital Management Inc. raised its holdings in Realty Income by 5.3% in the 1st 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 during the period. Community Bank of Raymore raised its holdings in Realty Income by 19.7% in the 1st 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 raised its holdings in Realty Income by 6.2% in the 1st 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. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on O shares. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Royal Bank Of Canada increased their price target on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday. Cantor Fitzgerald started coverage on Realty Income in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price target for the company. Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.67.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Realty Income Trading Down 0.0%

Shares of Realty Income stock opened at $56.12 on Thursday. The firm has a market cap of $51.31 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 4.46 and a beta of 0.77. The business has a 50-day moving average price of $59.28 and a 200-day moving average price of $57.90. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08.

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

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

Realty Income Company 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.