Bahl & Gaynor Inc. Sells 605,944 Shares of Realty Income Corporation $O

Bahl & Gaynor Inc. cut its holdings in shares of Realty Income Corporation (NYSE:O) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,803,237 shares of the real estate investment trust’s stock after selling 605,944 shares during the period. Bahl & Gaynor Inc. owned about 0.20% of Realty Income worth $103,884,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. Nuveen LLC acquired a new position in Realty Income during the 1st quarter worth about $207,573,000. Geode Capital Management LLC grew its holdings in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after acquiring an additional 2,058,031 shares during the last quarter. ABN Amro Investment Solutions acquired a new stake in Realty Income in the 2nd quarter valued at about $70,939,000. Finally, Centersquare Investment Management LLC raised its stake in shares of Realty Income by 27.0% in the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after acquiring an additional 1,055,840 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Realty Income Price Performance

Shares of O opened at $56.62 on Friday. The stock has a market cap of $52.09 billion, a P/E ratio of 54.97, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.08. The stock’s 50-day moving average price is $58.75 and its two-hundred day moving average price is $57.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings results 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. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company posted $1.05 EPS. Realty Income’s revenue for the quarter was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income’s dividend payout ratio (DPR) is currently 299.07%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Evercore ISI initiated coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Barclays lifted their target price on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Wall Street Zen raised Realty Income from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Royal Bank Of Canada raised their price target on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Three investment 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, Realty Income presently has an average rating of “Hold” and an average target price of $62.33.

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.