Arkadios Wealth Advisors Purchases 18,161 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Arkadios Wealth Advisors increased its position in Realty Income Corporation by 78.5%, owning 41,304 shares valued at approximately $2.40 million as of the latest SEC filing.
• The stock of Realty Income Corporation opened at $56.14 with a market capitalization of $50.70 billion and a price-to-earnings ratio of 51.04.
• Realty Income announced a $0.269 dividend, which will be paid to shareholders on August 15th, reflecting a yield of 570.0% with a high dividend payout ratio of 293.64%.

Arkadios Wealth Advisors raised its position in Realty Income Corporation (NYSE:O - Free Report) by 78.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,304 shares of the real estate investment trust's stock after acquiring an additional 18,161 shares during the quarter. Arkadios Wealth Advisors' holdings in Realty Income were worth $2,396,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after buying an additional 3,834,403 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Realty Income by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock valued at $230,663,000 after buying an additional 110,694 shares during the period. Royal Bank of Canada increased its stake in Realty Income by 6.5% in the 4th quarter. Royal Bank of Canada now owns 3,174,507 shares of the real estate investment trust's stock valued at $169,551,000 after buying an additional 193,013 shares during the period. Lasalle Investment Management Securities LLC increased its stake in Realty Income by 8.6% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 2,432,712 shares of the real estate investment trust's stock valued at $129,931,000 after buying an additional 192,749 shares during the period. Finally, Federated Hermes Inc. increased its stake in Realty Income by 29.6% in the 1st quarter. Federated Hermes Inc. now owns 2,359,129 shares of the real estate investment trust's stock valued at $136,853,000 after buying an additional 538,999 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on O. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report 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 on the stock in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Wedbush reiterated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Up 0.7%

Shares of Realty Income stock traded up $0.41 on Friday, hitting $56.54. 7,979,999 shares of the company's stock traded hands, compared to its average volume of 5,024,796. The stock has a market cap of $51.06 billion, a P/E ratio of 51.40, a PEG ratio of 3.97 and a beta of 0.76. 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's 50-day moving average is $57.10 and its 200 day moving average is $56.33. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business posted $1.03 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company 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 $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is 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.