Alliancebernstein L.P. Acquires 44,044 Shares of Realty Income Corporation $O

Key Points

• Alliancebernstein L.P. increased its ownership in Realty Income Corporation by 2.6%, acquiring an additional 44,044 shares, bringing its total to approximately 1.76 million shares valued at $102 million.
• Realty Income's stock price was up 1.6%, with shares trading at $59.22, and it has experienced a 52-week range between $50.71 and $64.88.
• The company recently declared a monthly dividend of $0.269 per share, marking an increase from the prior monthly dividend of $0.26, resulting in an annualized dividend yield of 5.5%.

Alliancebernstein L.P. boosted its position in Realty Income Corporation (NYSE:O - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,758,757 shares of the real estate investment trust's stock after acquiring an additional 44,044 shares during the period. Alliancebernstein L.P. owned 0.19% of Realty Income worth $102,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 acquiring an additional 7,497 shares in the last quarter. Victory Capital Management Inc. lifted its holdings 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 lifted its holdings in shares of 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 purchasing an additional 24,467 shares in the last quarter. Venture Visionary Partners LLC lifted its holdings in shares of Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after purchasing an additional 8,297 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after purchasing an additional 48,024 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 0.6%

Shares of O stock traded up $0.38 during midday trading on Tuesday, reaching $59.48. 4,072,212 shares of the stock were exchanged, compared to its average volume of 5,511,683. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company's 50 day moving average is $57.75 and its two-hundred day moving average is $56.99. 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 firm has a market cap of $54.38 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 4.53 and a beta of 0.77.

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

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.269 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is presently 312.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on O shares. Scotiabank raised their target price on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Barclays raised their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.00.

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.