GPS Wealth Strategies Group LLC Sells 405 Shares of Realty Income Co. (NYSE:O)

GPS Wealth Strategies Group LLC lowered its position in shares of Realty Income Co. (NYSE:O) by 24.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,252 shares of the real estate investment trust’s stock after selling 405 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Realty Income were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC raised its stake in shares of Realty Income by 53.8% during the fourth 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 last quarter. CWA Asset Management Group LLC bought a new stake in shares of Realty Income in the 4th quarter valued at about $379,000. Texas Permanent School Fund Corp increased its stake in shares of Realty Income by 15.0% in the first 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 buying an additional 22,440 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Realty Income by 4.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after acquiring an additional 51,574 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Realty Income by 17.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock worth $61,208,000 after acquiring an additional 171,166 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on O. Royal Bank of Canada boosted their target price on shares of Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Stifel Nicolaus upped their target price on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a research report on Tuesday, August 6th. UBS Group lifted their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Finally, Mizuho raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Ten equities 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, the company has an average rating of “Hold” and a consensus target price of $61.57.

Realty Income Stock Performance

Shares of Realty Income stock traded down $0.15 during trading hours on Wednesday, hitting $60.16. 4,163,075 shares of the company’s stock traded hands, compared to its average volume of 6,129,856. The stock has a market capitalization of $52.39 billion, a price-to-earnings ratio of 55.94, a PEG ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $61.60. 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 company has a fifty day simple moving average of $55.49 and a 200-day simple moving average of $53.97.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.263 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s payout ratio is currently 291.67%.

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.