Inspire Advisors LLC Invests $547,000 in Realty Income Corporation (NYSE:O)

Key Points

• Inspire Advisors LLC acquired 9,423 shares of Realty Income Corporation, valued at approximately $547,000, enhancing their position in this real estate investment trust.
• Realty Income reported earnings of $1.06 per share for the last quarter, matching analysts' expectations, with a year-over-year revenue growth of 9.5%.
• The company declared a dividend of $0.269 per share, offering a yield of 5.7%, with an upcoming payout planned for August 15th.

Inspire Advisors LLC purchased a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,423 shares of the real estate investment trust's stock, valued at approximately $547,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the period. Fourth Dimension Wealth LLC bought a new position in Realty Income during the fourth quarter valued at about $34,000. FSC Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 455 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $37,000. Finally, CVA Family Office LLC grew its position in Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after buying an additional 272 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 0.8%

Shares of Realty Income stock traded up $0.45 during trading on Friday, hitting $56.31. The stock had a trading volume of 2,670,305 shares, compared to its average volume of 5,549,712. The stock has a market cap of $50.85 billion, a PE ratio of 51.23, a PEG ratio of 3.99 and a beta of 0.75. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm's fifty day simple moving average is $57.08 and its 200-day simple moving average is $56.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $1.03 EPS. As a group, sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio is presently 293.64%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on O shares. UBS Group cut their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Mizuho boosted 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Company 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.