AlphaQuest LLC Makes New Investment in Realty Income Corporation $O

Key Points

• AlphaQuest LLC has established a new stake in Realty Income Corporation, acquiring 5,223 shares valued at approximately $303,000 during the first quarter.
• Realty Income recently increased its monthly dividend to $0.269, which represents an annualized yield of 5.6%.
• In recent analyst ratings, Realty Income received a "buy" rating from Stifel Nicolaus, increasing their price target from $65.50 to $68.00, while JPMorgan Chase & Co. set a "neutral" rating, lowering their target to $61.00.

AlphaQuest LLC bought a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,223 shares of the real estate investment trust's stock, valued at approximately $303,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after purchasing an additional 3,274,853 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock valued at $702,381,000 after purchasing an additional 451,307 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Realty Income by 0.4% during the 1st 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 during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after purchasing an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Realty Income by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after purchasing an additional 123,501 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

O stock traded up $0.62 during trading on Friday, hitting $58.75. The stock had a trading volume of 4,365,965 shares, compared to its average volume of 5,375,138. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The stock has a market capitalization of $53.72 billion, a P/E ratio of 57.04, a PEG ratio of 4.49 and a beta of 0.76. The company's 50-day moving average price is $57.64 and its two-hundred day moving average price is $56.86.

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

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.269 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is presently 312.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Stifel Nicolaus raised their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.