Oak Hill Wealth Advisors LLC Trims Stake in Realty Income Corporation (NYSE:O)

Oak Hill Wealth Advisors LLC trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,257 shares of the real estate investment trust’s stock after selling 373 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Realty Income were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Western Wealth Management LLC grew its position in Realty Income by 14.4% during the first quarter. Western Wealth Management LLC now owns 4,394 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 553 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in shares of Realty Income by 6.1% in the 1st quarter. Pure Financial Advisors LLC now owns 5,334 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 307 shares in the last quarter. Phillips Wealth Planners LLC boosted its holdings in shares of Realty Income by 10.5% in the 1st quarter. Phillips Wealth Planners LLC now owns 5,541 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 525 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Realty Income by 9.4% in the 1st quarter. HBK Sorce Advisory LLC now owns 13,849 shares of the real estate investment trust’s stock worth $803,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Realty Income by 99.3% in the 1st quarter. Golden State Wealth Management LLC now owns 14,941 shares of the real estate investment trust’s stock worth $867,000 after purchasing an additional 7,444 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Barclays reiterated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Scotiabank upped their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Royal Bank Of Canada cut their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Wedbush reiterated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $61.15.

Realty Income Trading Down 1.5%

NYSE O opened at $57.11 on Thursday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $56.80 and a 200-day moving average of $55.62. The firm has a market cap of $51.57 billion, a PE ratio of 51.92, a price-to-earnings-growth ratio of 4.05 and a beta of 0.76.

Realty Income (NYSE:O) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $1.03 EPS. Realty Income’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.269 dividend. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a positive change from Realty Income’s previous jul 25 dividend of $0.27. Realty Income’s payout ratio is 292.73%.

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.