Arizona State Retirement System increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,850 shares of the real estate investment trust's stock after acquiring an additional 7,796 shares during the quarter. Arizona State Retirement System's holdings in Realty Income were worth $14,900,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $28,000. PSI Advisors LLC grew its holdings in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares in the last quarter. FSC Wealth Advisors LLC increased its stake in shares of Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Realty Income in the 4th quarter worth $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income during the 4th quarter worth $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.
Realty Income Stock Up 0.4%
Shares of NYSE:O traded up $0.21 on Friday, hitting $57.14. 4,626,855 shares of the company's stock were exchanged, compared to its average volume of 5,253,759. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a market capitalization of $51.60 billion, a PE ratio of 51.95, a P/E/G ratio of 4.00 and a beta of 0.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The firm's 50-day moving average is $56.74 and its 200 day moving average is $55.90.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.
Realty Income Announces Dividend
The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio is presently 293.64%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $61.15.
Get Our Latest Report on O
Realty Income Company Profile
(
Free Report)
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.
See Also
Before you consider Realty Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Realty Income wasn't on the list.
While Realty Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
