Aberdeen Group plc Has $76.47 Million Stock Position in Realty Income Corporation (NYSE:O)

Key Points

• Aberdeen Group plc increased its stake in Realty Income Corporation by 25.7%, holding approximately 1.33 million shares worth $76.47 million as of the latest SEC filing.
• Realty Income announced a monthly dividend increase to $0.269 per share, effectively raising the yield to 5.5%, with an upcoming payout scheduled for September 15th.
• The company reported $1.05 earnings per share for the last quarter, missing estimates slightly, while generating revenues of $1.34 billion, showing a 5.3% year-over-year growth.

Aberdeen Group plc lifted its stake in Realty Income Corporation (NYSE:O - Free Report) by 25.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,326,779 shares of the real estate investment trust's stock after acquiring an additional 271,118 shares during the quarter. Aberdeen Group plc owned approximately 0.15% of Realty Income worth $76,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. N.E.W. Advisory Services LLC grew its holdings in Realty Income by 1.2% during the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after purchasing an additional 186 shares during the period. Associated Banc Corp grew its holdings in Realty Income by 1.9% during the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock worth $595,000 after purchasing an additional 192 shares during the period. Kentucky Trust Co grew its holdings in Realty Income by 2.6% during the first 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 during the period. B. Riley Wealth Advisors Inc. grew its holdings in Realty Income by 1.9% during the fourth 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 during the period. Finally, PSI Advisors LLC grew its holdings in Realty Income by 78.3% during the first 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 during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Up 1.0%

Shares of O stock opened at $58.40 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $53.40 billion, a P/E ratio of 56.70, a price-to-earnings-growth ratio of 4.42 and a beta of 0.76. The stock has a 50 day simple moving average of $57.39 and a 200 day simple moving average of $56.53. 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 released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.269 per share. The ex-dividend date is Tuesday, September 2nd. This is a boost from Realty Income's previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio is currently 312.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on O shares. Stifel Nicolaus lifted their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Scotiabank boosted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.73.

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.

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