Advisor Resource Council Buys Shares of 9,566 Realty Income Corporation (NYSE:O)

Advisor Resource Council acquired a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,566 shares of the real estate investment trust's stock, valued at approximately $547,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income in the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $29,000. PSI Advisors LLC increased its stake in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. Millstone Evans Group LLC bought a new position in Realty Income in the fourth quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter valued at approximately $34,000. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on O. Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Stifel Nicolaus upped their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Up 0.2%

Shares of Realty Income stock traded up $0.13 on Thursday, hitting $57.21. The stock had a trading volume of 6,186,205 shares, compared to its average volume of 5,244,222. The stock has a 50 day moving average of $56.80 and a 200 day moving average of $55.62. The firm has a market capitalization of $51.66 billion, a P/E ratio of 52.01, a PEG ratio of 3.99 and a beta of 0.76. 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.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a yield of 5.6%. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. Realty Income's dividend payout ratio is presently 292.73%.

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.