Hazelview Securities Inc. Has $369,000 Stake in Realty Income Co. (NYSE:O)

Hazelview Securities Inc. reduced its position in Realty Income Co. (NYSE:O) by 99.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 6,900 shares of the real estate investment trust’s stock after selling 682,800 shares during the period. Realty Income accounts for 0.1% of Hazelview Securities Inc.’s investment portfolio, making the stock its 28th biggest holding. Hazelview Securities Inc.’s holdings in Realty Income were worth $369,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in O. American National Bank bought a new position in Realty Income during the fourth quarter worth about $25,000. Vima LLC bought a new stake in Realty Income in the 4th quarter valued at approximately $25,000. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC bought a new stake in Realty Income in the 4th quarter valued at approximately $29,000. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income in the 1st quarter valued at approximately $27,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Scotiabank boosted their target price 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. Mizuho upped their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. UBS Group dropped their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average target price of $61.35.

Realty Income Stock Down 0.8 %

Realty Income stock traded down $0.43 during mid-day trading on Wednesday, reaching $52.49. The stock had a trading volume of 2,468,719 shares, compared to its average volume of 6,371,890. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The stock’s 50-day simple moving average is $53.60 and its 200-day simple moving average is $54.16. The firm has a market capitalization of $45.71 billion, a PE ratio of 48.69, a price-to-earnings-growth ratio of 4.61 and a beta of 0.94.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, sell-side analysts forecast that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.263 per share. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. Realty Income’s payout ratio is presently 291.67%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.