First Trust Advisors LP Cuts Stock Position in Realty Income Corporation $O

First Trust Advisors LP trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 869,560 shares of the real estate investment trust’s stock after selling 24,149 shares during the quarter. First Trust Advisors LP’s holdings in Realty Income were worth $53,200,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. EFG International AG acquired a new stake in Realty Income in the 4th quarter valued at $26,000. Evolution Wealth Management Inc. increased its holdings in Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Quattro Advisors LLC acquired a new position in Realty Income during the fourth quarter worth $29,000. Sankala Group LLC acquired a new position in Realty Income during the fourth quarter worth $32,000. Finally, FNY Investment Advisers LLC lifted 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 valued at $36,000 after purchasing an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on O. Barclays dropped their target price on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Wednesday, July 8th. Mizuho decreased their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Huntington assumed coverage on Realty Income in a report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on Realty Income in a research note on Monday, June 1st. They set a “buy” rating and a $69.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.11.

Realty Income Trading Down 0.0%

Shares of O stock opened at $65.59 on Monday. The stock’s fifty day moving average is $62.45 and its two-hundred day moving average is $62.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $61.16 billion, a P/E ratio of 53.76, a PEG ratio of 5.12 and a beta of 0.72. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93.

Realty Income (NYSE:O) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Research analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.271 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s payout ratio is presently 266.39%.

Trending Headlines about Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Analysts and market commentary continue to frame Realty Income as a reliable income stock, citing its long record of monthly dividends and steady payout growth. Realty Income vs SCHD ETF: Better buy for income investors?
• Positive Sentiment: Investor interest is also being supported by a bullish long-term thesis around Realty Income’s expansion into data centers, which could create a new growth engine for dividend increases over time. Realty Income’s Data Center Bet Could Turbocharge Dividend Growth Over the Next Decade
• Neutral Sentiment: Barclays reiterated a Hold rating on Realty Income, suggesting analysts still see the stock as fairly valued rather than an obvious bargain or sell candidate. Barclays Remains a Hold on Realty Income (O)

About Realty Income

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.