Voya Investment Management LLC Sells 55,785 Shares of Realty Income Corporation $O

Voya Investment Management LLC reduced its stake in Realty Income Corporation (NYSE:O) by 22.4% in the third quarter, Holdings Channel.com reports. The fund owned 193,585 shares of the real estate investment trust’s stock after selling 55,785 shares during the period. Voya Investment Management LLC’s holdings in Realty Income were worth $11,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in O. Brighton Jones LLC boosted its stake in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares during the period. Bison Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter worth about $571,000. Wellington Management Group LLP boosted its position in shares of Realty Income by 10.7% in the first quarter. Wellington Management Group LLP now owns 204,821 shares of the real estate investment trust’s stock valued at $11,882,000 after acquiring an additional 19,810 shares during the period. Quantbot Technologies LP purchased a new position in Realty Income during the first quarter valued at approximately $77,000. Finally, CW Advisors LLC increased its holdings in Realty Income by 24.4% during the 1st quarter. CW Advisors LLC now owns 17,103 shares of the real estate investment trust’s stock worth $989,000 after acquiring an additional 3,353 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho reduced their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 15th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Finally, Cantor Fitzgerald cut 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 research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $62.00.

Realty Income Price Performance

Shares of NYSE:O opened at $56.70 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a market cap of $52.16 billion, a PE ratio of 52.50, a PEG ratio of 3.53 and a beta of 0.80. The company’s fifty day moving average is $57.76 and its 200 day moving average is $58.06. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.27 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 5.7%. Realty Income’s payout ratio is presently 299.07%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.