Adage Capital Partners GP L.L.C. Boosts Stock Holdings in Realty Income Corporation $O

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Realty Income Corporation by 0.8% in the first quarter, holding approximately $46.34 million worth of shares.
• Realty Income has recently boosted its monthly dividend from $0.26 to $0.269 per share, reflecting a 5.6% annualized yield on the stock.
• Despite a slight earnings miss, Realty Income's revenue for the quarter was up 5.3% year-over-year, with analysts expecting a projected earnings per share of 4.19 for the current fiscal year.

Adage Capital Partners GP L.L.C. boosted its holdings in Realty Income Corporation (NYSE:O - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 798,800 shares of the real estate investment trust's stock after acquiring an additional 6,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of Realty Income worth $46,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norinchukin Bank The boosted its holdings in Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock worth $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Community Bank of Raymore increased its stake in Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after acquiring an additional 24,467 shares during the period. Venture Visionary Partners LLC boosted its stake in Realty Income by 6.2% in the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after buying an additional 8,297 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Realty Income by 0.4% during the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after buying an additional 48,024 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on O. Barclays increased their price target 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 boosted their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Finally, Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $62.00.

Realty Income Stock Up 1.6%

Realty Income stock traded up $0.94 during midday trading on Friday, reaching $59.22. The stock had a trading volume of 5,316,633 shares, compared to its average volume of 4,953,277. 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 12 month low of $50.71 and a 12 month high of $64.88. The company has a fifty day moving average price of $57.72 and a two-hundred day moving average price of $56.97. The company has a market capitalization of $54.14 billion, a P/E ratio of 57.49, a PEG ratio of 4.45 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The business's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company 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 $0.269 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.5%. This is a boost from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio is currently 313.59%.

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.