Autumn Glory Partners LLC Invests $284,000 in Realty Income Corporation (NYSE:O)

Autumn Glory Partners LLC bought a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,900 shares of the real estate investment trust's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smith Moore & CO. grew its holdings in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 201 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after buying an additional 218 shares in the last quarter. Howard Capital Management Inc. grew its holdings in Realty Income by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 229 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after buying an additional 241 shares in the last quarter. Finally, PSI Advisors LLC grew its holdings in Realty Income by 78.3% during 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. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Royal Bank Of Canada cut their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. UBS Group cut their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Down 0.6%

NYSE O traded down $0.34 on Friday, hitting $57.24. 16,934,840 shares of the stock were exchanged, compared to its average volume of 5,222,638. 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 stock has a fifty day moving average price of $56.74 and a two-hundred day moving average price of $55.58. The firm has a market capitalization of $51.70 billion, a P/E ratio of 52.04, a P/E/G ratio of 4.00 and a beta of 0.76. 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 posted 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. Realty Income's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. Research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. This represents a yield of 5.6%. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's payout ratio is presently 292.73%.

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.