Berry Wealth Group LP Sells 968 Shares of Realty Income Corporation $O

Berry Wealth Group LP decreased its stake in shares of Realty Income Corporation (NYSE:O) by 2.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 42,289 shares of the real estate investment trust’s stock after selling 968 shares during the period. Realty Income accounts for about 1.7% of Berry Wealth Group LP’s holdings, making the stock its 18th largest position. Berry Wealth Group LP’s holdings in Realty Income were worth $2,436,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Norges Bank acquired a new position in Realty Income during the second quarter valued at approximately $676,500,000. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares during the period. Nuveen LLC bought a new stake in shares of Realty Income during the 1st quarter worth $207,573,000. Geode Capital Management LLC grew its stake in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after buying an additional 2,058,031 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after acquiring an additional 1,728,082 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income 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 directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $57.55 on Friday. The firm has a market capitalization of $52.94 billion, a PE ratio of 55.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08. The firm has a 50-day moving average price of $58.49 and a 200 day moving average price of $57.85.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, November 28th. Realty Income’s dividend payout ratio is currently 299.07%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on O. Wall Street Zen raised shares of Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Cantor Fitzgerald reduced their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. UBS Group raised their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Royal Bank Of Canada boosted their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average price target of $62.15.

Realty Income 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.