Verus Capital Partners LLC Has $800,000 Holdings in Realty Income Co. (NYSE:O)

Verus Capital Partners LLC lessened its holdings in shares of Realty Income Co. (NYSE:O) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,792 shares of the real estate investment trust’s stock after selling 1,097 shares during the quarter. Verus Capital Partners LLC’s holdings in Realty Income were worth $800,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Realty Income by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock worth $6,541,290,000 after purchasing an additional 3,046,630 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Realty Income by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after purchasing an additional 227,621 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Realty Income by 2.2% during the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after purchasing an additional 196,635 shares during the period. Norges Bank acquired a new stake in shares of Realty Income during the fourth quarter worth about $506,526,000. Finally, APG Asset Management US Inc. raised its position in Realty Income by 10.4% in the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock valued at $472,083,000 after buying an additional 771,313 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

O traded up $0.01 on Tuesday, reaching $55.99. The stock had a trading volume of 1,067,288 shares, compared to its average volume of 6,205,545. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The firm has a 50-day moving average of $53.50 and a 200-day moving average of $53.81. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $48.75 billion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 4.85 and a beta of 0.97.

Realty Income (NYSE:O) last released its quarterly earnings results 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). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 33.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Mizuho lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, UBS Group reduced their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.35.

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.