55,140 Shares in Realty Income Corporation $O Bought by New England Asset Management Inc.

Key Points

• New England Asset Management Inc. purchased 55,140 shares of Realty Income Corporation, valued at approximately $3.2 million.
• Realty Income announced a monthly dividend increase to $0.269, reflecting a yield of 5.5%, with the ex-dividend date set for September 2nd.
• As of recent reports, Realty Income has an average rating of "Hold" from analysts, with a price target estimate of $62.00.

New England Asset Management Inc. purchased a new position in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,140 shares of the real estate investment trust's stock, valued at approximately $3,199,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in Realty Income in the first quarter valued at approximately $207,573,000. Vanguard Group Inc. increased its position in Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after acquiring an additional 3,274,853 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after acquiring an additional 1,055,840 shares during the period. Raymond James Financial Inc. lifted its position in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after acquiring an additional 992,303 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after buying an additional 694,983 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $62.00.

Realty Income Stock Up 0.6%

Shares of NYSE O traded up $0.38 during midday trading on Tuesday, reaching $59.48. The company's stock had a trading volume of 4,075,187 shares, compared to its average volume of 5,511,683. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The stock has a market capitalization of $54.38 billion, a price-to-earnings ratio of 57.75, a PEG ratio of 4.53 and a beta of 0.77. The stock has a 50 day simple moving average of $57.75 and a 200-day simple moving average of $56.99.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $1.07 earnings per share. Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio is presently 312.62%.

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.