Altman Advisors Inc. Purchases 13,969 Shares of Realty Income Corporation (NYSE:O)

Altman Advisors Inc. boosted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 85.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,285 shares of the real estate investment trust's stock after acquiring an additional 13,969 shares during the period. Altman Advisors Inc.'s holdings in Realty Income were worth $1,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Employees Retirement System of Texas boosted its holdings in Realty Income by 19.0% during the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after purchasing an additional 19,527 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Realty Income during the first quarter valued at approximately $1,470,000. Renaissance Technologies LLC boosted its holdings in Realty Income by 21.6% during the fourth quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after purchasing an additional 127,300 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in Realty Income by 1,965.5% during the first quarter. Capital Investment Advisors LLC now owns 163,379 shares of the real estate investment trust's stock valued at $9,478,000 after purchasing an additional 155,469 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho boosted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday. Finally, UBS Group reduced their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Up 0.2%

Shares of O traded up $0.12 during trading hours on Friday, reaching $56.48. The stock had a trading volume of 1,620,530 shares, compared to its average volume of 5,282,472. The company has a market cap of $51.01 billion, a P/E ratio of 51.33, a P/E/G ratio of 3.98 and a beta of 0.75. Realty Income Corporation has a 52 week low of $50.71 and a 52 week 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 firm has a 50-day moving average of $56.78 and a 200 day moving average of $56.00.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $1.31 billion for 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 firm's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

About Realty Income

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.