Realty Income Co. (NYSE:O) Shares Sold by Scharf Investments LLC

Scharf Investments LLC lowered its stake in Realty Income Co. (NYSE:O) by 8.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,493,721 shares of the real estate investment trust’s stock after selling 231,172 shares during the quarter. Realty Income comprises about 3.8% of Scharf Investments LLC’s holdings, making the stock its 12th biggest position. Scharf Investments LLC’s holdings in Realty Income were worth $131,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 acquiring an additional 227,621 shares during the period. Daiwa Securities Group Inc. raised its position in Realty Income by 2.2% in 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 acquiring an additional 196,635 shares in the last quarter. Norges Bank acquired a new stake in Realty Income in the 4th quarter valued at about $506,526,000. Finally, APG Asset Management US Inc. boosted its position in shares of Realty Income by 10.4% during 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 purchasing an additional 771,313 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

O traded down $0.42 on Thursday, hitting $60.51. The company had a trading volume of 3,412,980 shares, compared to its average volume of 6,055,589. The stock has a market cap of $52.69 billion, a price-to-earnings ratio of 56.03, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. 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’s fifty day moving average price is $56.49 and its 200 day moving average price is $54.26. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $61.60.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be given a $0.263 dividend. This represents a yield of 5.2%. The ex-dividend date is Tuesday, September 3rd. Realty Income’s dividend payout ratio is currently 291.67%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. Stifel Nicolaus increased their price target on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Mizuho lifted their target price 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. Finally, UBS Group upped their price target 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. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.73.

About Realty Income

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.