HB Wealth Management LLC Cuts Holdings in Realty Income Co. (NYSE:O)

HB Wealth Management LLC trimmed its position in Realty Income Co. (NYSE:O) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,145 shares of the real estate investment trust’s stock after selling 320 shares during the period. HB Wealth Management LLC’s holdings in Realty Income were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SpiderRock Advisors LLC acquired a new stake in shares of Realty Income during the first quarter worth $1,100,000. Concord Wealth Partners lifted its stake in shares of Realty Income by 132.6% during the first quarter. Concord Wealth Partners now owns 1,228 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 700 shares during the period. Windle Wealth LLC raised its holdings in shares of Realty Income by 4.0% during the first quarter. Windle Wealth LLC now owns 109,083 shares of the real estate investment trust’s stock worth $5,901,000 after purchasing an additional 4,241 shares during the last quarter. Vest Financial LLC raised its holdings in shares of Realty Income by 23.9% during the first quarter. Vest Financial LLC now owns 669,938 shares of the real estate investment trust’s stock worth $36,244,000 after purchasing an additional 129,407 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Realty Income by 2.3% during the first quarter. Arkadios Wealth Advisors now owns 12,617 shares of the real estate investment trust’s stock worth $683,000 after purchasing an additional 285 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 0.7 %

Shares of Realty Income stock traded up $0.38 on Friday, reaching $52.83. 1,920,280 shares of the company were exchanged, compared to its average volume of 6,307,133. The stock’s 50 day moving average price is $53.54 and its 200-day moving average price is $54.01. The company has a market cap of $46.00 billion, a P/E ratio of 48.81, a price-to-earnings-growth ratio of 4.56 and a beta of 0.96. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. As a group, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.263 dividend. The ex-dividend date of this dividend is Monday, July 1st. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. This represents a yield of 6%. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. KeyCorp started coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Scotiabank increased their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Finally, UBS Group dropped their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.35.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

About Realty Income

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.