Allworth Financial LP Grows Stake in Realty Income Corporation (NYSE:O)

Allworth Financial LP lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,370 shares of the real estate investment trust's stock after purchasing an additional 11,858 shares during the quarter. Allworth Financial LP's holdings in Realty Income were worth $16,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. Lee Danner & Bass Inc. purchased a new stake in Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income during the 4th quarter worth approximately $29,000. PSI Advisors LLC grew its position in shares of 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 purchasing an additional 252 shares in the last quarter. FSC Wealth Advisors LLC increased its holdings in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Realty Income during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Up 0.4%

O traded up $0.21 on Friday, hitting $57.14. 4,626,855 shares of the company were exchanged, compared to its average volume of 5,253,840. The firm has a 50-day moving average price of $56.74 and a two-hundred day moving average price of $55.85. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a market cap of $51.60 billion, a price-to-earnings ratio of 51.95, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. On average, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's payout ratio is 293.64%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. UBS Group dropped their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Mizuho lifted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Scotiabank boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their price target 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. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.15.

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.