Arcataur Capital Management LLC Invests $472,000 in Realty Income Corporation (NYSE:O)

Key Points

• Arcataur Capital Management LLC has acquired 8,132 shares of Realty Income Corporation, valued at approximately $472,000, during the first quarter of the year.
• Realty Income's recent dividend announcement includes a payment of $0.269 per share, offering a yield of 5.7%, with an ex-dividend date of August 1st.
• Analysts have a mixed outlook on Realty Income, with ten analysts rating it as a hold and four as a buy, setting a consensus target price of $61.15.

Arcataur Capital Management LLC bought a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,132 shares of the real estate investment trust's stock, valued at approximately $472,000.

A number of other institutional investors have also added to or reduced their stakes in O. Victory Capital Management Inc. grew its position in shares of Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after buying an additional 19,965 shares during the last quarter. Employees Retirement System of Texas lifted its stake in shares of 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 worth $26,074,000 after buying an additional 78,000 shares during the period. Sterling Capital Management LLC lifted its stake in shares of 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 worth $5,958,000 after buying an additional 19,527 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Realty Income during the first quarter worth $1,470,000. Finally, Renaissance Technologies LLC lifted its stake in Realty Income by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after acquiring an additional 127,300 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 1.1%

O stock traded down $0.61 during midday trading on Thursday, reaching $56.18. 3,249,757 shares of the company were exchanged, compared to its average volume of 5,540,633. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock's 50-day simple moving average is $57.06 and its 200 day simple moving average is $56.28. The company has a market cap of $50.74 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75.

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

Realty Income Dividend Announcement

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

Analyst Ratings Changes

Several brokerages have commented on O. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. UBS Group decreased their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Mizuho boosted their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $61.15.

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.