Korea Investment CORP reduced its stake in Realty Income Corporation (NYSE:O - Free Report) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 564,878 shares of the real estate investment trust's stock after selling 56,420 shares during the quarter. Korea Investment CORP owned 0.06% of Realty Income worth $32,543,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA acquired a new position in Realty Income during the second quarter worth $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the first quarter valued at $26,000. Avion Wealth raised its holdings in shares of Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 309 shares during the period. Country Trust Bank raised its holdings in shares of Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 500 shares during the period. Finally, Hilltop National Bank acquired a new position in Realty Income during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares of the company's stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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Several equities analysts have weighed in on O shares. Wall Street Zen raised Realty Income from a "strong sell" rating to a "hold" rating in a research report on Monday, November 10th. Royal Bank Of Canada raised their price objective on shares of Realty Income from $60.00 to $61.00 and gave the company an "outperform" rating in a research note on Tuesday, November 4th. Wells Fargo & Company upped their target price on shares of Realty Income from $59.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Barclays increased their target price on shares of Realty Income from $59.00 to $63.00 and gave the stock an "equal weight" rating in a report on Monday, October 20th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $62.15.

Read Our Latest Stock Analysis on Realty Income

Realty Income Stock Up 0.7%

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Shares of NYSE:O opened at $57.55 on Friday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The firm's 50 day moving average price is $58.49 and its 200 day moving average price is $57.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $52.94 billion, a price-to-earnings ratio of 55.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm's revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income's dividend payout ratio is 299.07%.

Realty Income Profile

(Free Report)

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.

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