6,715 Shares in Realty Income Corporation (NYSE:O) Bought by Abel Hall LLC

Abel Hall LLC purchased a new position in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,715 shares of the real estate investment trust's stock, valued at approximately $390,000.

A number of other institutional investors also recently made changes to their positions in the stock. Smith Moore & CO. increased its position in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares in the last quarter. Kentucky Trust Co increased its position in shares of Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares in the last quarter. PSI Advisors LLC increased its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares in the last quarter. Finally, First Bank & Trust increased its position in shares of Realty Income by 0.8% during the 1st quarter. First Bank & Trust now owns 34,633 shares of the real estate investment trust's stock worth $2,009,000 after purchasing an additional 260 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on O shares. Stifel Nicolaus raised their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho lifted their price target 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. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Ten research 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 stock has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Up 0.4%

Shares of Realty Income stock traded up $0.20 on Thursday, hitting $58.08. The stock had a trading volume of 3,990,803 shares, compared to its average volume of 5,176,096. The stock has a 50 day moving average of $56.90 and a 200 day moving average of $56.10. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. 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 capitalization of $52.45 billion, a P/E ratio of 13.72, a PEG ratio of 4.06 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is 293.64%.

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.