Realty Income Corporation $O Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its stake in Realty Income Corporation (NYSE:O) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,845 shares of the real estate investment trust’s stock after selling 1,370 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Realty Income were worth $1,662,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norinchukin Bank The grew its stake in Realty Income by 9.7% during the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Trust Co. of Vermont grew its position in shares of Realty Income by 2.7% during the second quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 6,885 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after buying an additional 19,965 shares in the last quarter. Community Bank of Raymore increased its stake in shares of Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after buying an additional 24,467 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock valued at $8,266,000 after acquiring an additional 8,297 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

O has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Realty Income from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Cantor Fitzgerald initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Mizuho upped their price objective on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, Evercore ISI began coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price on the stock. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.58.

Realty Income Stock Performance

O stock opened at $57.93 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.08. The stock’s fifty day moving average is $59.39 and its two-hundred day moving average is $57.90. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 56.24, a PEG ratio of 4.46 and a beta of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.6%. Realty Income’s payout ratio is presently 313.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

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.