Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 25,346 shares of the real estate investment trust's stock, valued at approximately $1,470,000.
A number of other institutional investors have also recently added to or reduced their stakes in O. Manning & Napier Advisors LLC acquired a new position in Realty Income in the first quarter worth about $4,351,000. Center for Financial Planning Inc. lifted its holdings in Realty Income by 16.0% in the first quarter. Center for Financial Planning Inc. now owns 6,139 shares of the real estate investment trust's stock worth $356,000 after acquiring an additional 848 shares during the last quarter. FSC Wealth Advisors LLC boosted its stake in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares during the period. Heartland Bank & Trust Co bought a new position in shares of Realty Income during the first quarter valued at approximately $434,000. Finally, Brendel Financial Advisors LLC bought a new stake in shares of Realty Income in the 1st quarter worth approximately $2,783,000. Institutional investors and hedge funds own 70.81% of the company's stock.
Realty Income Trading Down 0.7%
Shares of NYSE:O traded down $0.41 during midday trading on Tuesday, reaching $57.96. The company had a trading volume of 5,385,482 shares, compared to its average volume of 5,226,924. The company has a fifty day simple moving average of $56.79 and a two-hundred day simple moving average of $55.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $52.34 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 4.08 and a beta of 0.76. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Research analysts predict 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 jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This is a boost from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is currently 292.73%.
Wall Street Analyst Weigh In
O has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Realty Income has an average rating of "Hold" and an average target price of $61.15.
Check Out Our Latest Research Report on O
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.
Further Reading
Before you consider Realty Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Realty Income wasn't on the list.
While Realty Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
