Van Hulzen Asset Management LLC Lowers Position in Realty Income Co. (NYSE:O)

Van Hulzen Asset Management LLC decreased its stake in Realty Income Co. (NYSE:O) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,932 shares of the real estate investment trust’s stock after selling 721 shares during the period. Van Hulzen Asset Management LLC’s holdings in Realty Income were worth $577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American National Bank acquired a new stake in shares of Realty Income in the fourth quarter valued at about $25,000. Vima LLC acquired a new position in Realty Income during the fourth quarter worth about $25,000. Pacifica Partners Inc. raised its position in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Realty Income during the first quarter worth about $27,000. Finally, Bell Investment Advisors Inc raised its position in Realty Income by 69.6% during the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Wedbush assumed coverage on shares of Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price for the company. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird boosted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, UBS Group boosted their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.38.

Realty Income Price Performance

Realty Income stock opened at $62.81 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.39. The firm has a 50 day moving average price of $58.89 and a 200 day moving average price of $55.16. The company has a market cap of $54.70 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 4.64 and a beta of 0.99.

Realty Income (NYSE:O) last released its quarterly earnings data 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 3.27% and a net margin of 17.89%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Realty Income’s quarterly revenue was up 31.4% compared to the same quarter last year. Sell-side analysts predict that Realty Income Co. will post 3.93 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. Realty Income’s dividend payout ratio is currently 292.59%.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by 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.