Realty Income Corporation $O Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its position in shares of Realty Income Corporation (NYSE:O) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,883 shares of the real estate investment trust’s stock after selling 15,174 shares during the quarter. QRG Capital Management Inc.’s holdings in Realty Income were worth $2,607,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Moseley Investment Management Inc. increased its holdings in Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after acquiring an additional 175 shares in the last quarter. Crescent Sterling Ltd. grew its position in shares of Realty Income by 4.1% in the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 176 shares during the period. Castle Rock Wealth Management LLC increased its position in Realty Income by 0.6% during the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 177 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in Realty Income by 10.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 177 shares during the period. Finally, Revisor Wealth Management LLC raised its holdings in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 178 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Sunday. Cantor Fitzgerald dropped their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Morgan Stanley increased their target price on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Barclays upped their target price on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.23.

Realty Income Stock Performance

Shares of NYSE O opened at $61.43 on Tuesday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.54. The firm has a market cap of $56.51 billion, a price-to-earnings ratio of 56.88, a P/E/G ratio of 3.95 and a beta of 0.80. The business’s 50-day simple moving average is $57.53 and its 200-day simple moving average is $58.15. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Realty Income’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. As a group, equities research analysts expect 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 Friday, February 13th. Shareholders of record on Friday, January 30th will be given a $0.27 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, January 30th. Realty Income’s dividend payout ratio (DPR) is presently 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.