Advisor Resource Council Purchases New Holdings in Realty Income Corporation (NYSE:O)

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

Other hedge funds have also modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the fourth quarter valued at $29,000. PSI Advisors LLC boosted its stake in shares of Realty Income by 78.3% during 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 purchased a new stake in Realty Income during the 4th quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter valued at about $34,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on O. UBS Group reduced their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Wedbush reissued a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Stock Down 0.7%

Shares of O traded down $0.41 during mid-day trading on Tuesday, reaching $57.96. The company's stock had a trading volume of 5,385,482 shares, compared to its average volume of 5,226,924. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market cap of $52.34 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 4.08 and a beta of 0.76. The business has a fifty day moving average of $56.79 and a 200 day moving average of $55.59.

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

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.269 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 5.6%. This is a boost from Realty Income's previous jul 25 dividend of $0.27. Realty Income's payout ratio is currently 292.73%.

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.