Sowell Financial Services LLC Has $1.82 Million Stock Holdings in Realty Income Corporation (NYSE:O)

Sowell Financial Services LLC cut its holdings in Realty Income Corporation (NYSE:O) by 15.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,325 shares of the real estate investment trust’s stock after selling 5,928 shares during the quarter. Sowell Financial Services LLC’s holdings in Realty Income were worth $1,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in O. Brighton Jones LLC increased its stake in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 615 shares during the period. Empowered Funds LLC increased its stake in shares of Realty Income by 10.6% in the 4th quarter. Empowered Funds LLC now owns 16,699 shares of the real estate investment trust’s stock valued at $887,000 after buying an additional 1,598 shares during the period. Principal Securities Inc. increased its position in Realty Income by 10.5% in the fourth quarter. Principal Securities Inc. now owns 24,564 shares of the real estate investment trust’s stock worth $1,312,000 after purchasing an additional 2,340 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Realty Income in the fourth quarter worth about $669,000. Finally, Sierra Ocean LLC acquired a new stake in Realty Income in the fourth quarter worth about $32,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

O has been the subject of several analyst reports. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a report on Tuesday, February 25th. Wedbush reaffirmed a “neutral” rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.15.

Realty Income Stock Up 0.2%

NYSE:O opened at $57.52 on Wednesday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a market cap of $51.94 billion, a price-to-earnings ratio of 52.29, a PEG ratio of 4.01 and a beta of 0.76. The stock has a 50-day moving average price of $56.56 and a two-hundred day moving average price of $55.55.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $1.03 EPS. Realty Income’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a boost from Realty Income’s previous jul 25 dividend of $0.27. Realty Income’s dividend payout ratio is 292.73%.

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.