Realty Income Co. (NYSE:O) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its position in shares of Realty Income Co. (NYSE:O) by 15.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 248,519 shares of the real estate investment trust’s stock after selling 47,073 shares during the period. Toronto Dominion Bank’s holdings in Realty Income were worth $13,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC increased its position in Realty Income by 53.8% in the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 2,677 shares during the period. CWA Asset Management Group LLC acquired a new position in Realty Income in the 4th quarter valued at about $379,000. Texas Permanent School Fund Corp increased its position in Realty Income by 15.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after acquiring an additional 22,440 shares during the period. Public Employees Retirement System of Ohio increased its position in Realty Income by 4.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after acquiring an additional 51,574 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Realty Income by 5.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock valued at $18,987,000 after acquiring an additional 16,831 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Scotiabank boosted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. UBS Group boosted their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Mizuho boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.88.

Realty Income Trading Up 1.2 %

O traded up $0.71 during trading on Friday, hitting $58.07. The company’s stock had a trading volume of 3,119,527 shares, compared to its average volume of 6,122,231. The firm’s 50 day moving average price is $53.95 and its 200-day moving average price is $53.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $50.57 billion, a PE ratio of 53.77, a PEG ratio of 4.98 and a beta of 0.96. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18.

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

Realty Income Announces Dividend

The business also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.263 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 292.59%.

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.