Ballentine Partners LLC Has $756,000 Position in Realty Income Corporation (NYSE:O)

Ballentine Partners LLC raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 60.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,038 shares of the real estate investment trust's stock after buying an additional 4,887 shares during the period. Ballentine Partners LLC's holdings in Realty Income were worth $756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $624,666,000. Northern Trust Corp grew its position in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Realty Income by 6,002.1% in the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after purchasing an additional 694,983 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Shares of O traded down $0.92 during trading hours on Tuesday, reaching $57.78. The stock had a trading volume of 1,592,724 shares, compared to its average volume of 5,272,542. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a market capitalization of $52.18 billion, a PE ratio of 52.43, a PEG 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 company's 50-day moving average is $56.78 and its two-hundred day moving average is $55.96.

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 EPS for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. Realty Income's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given 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 dividend payout ratio is currently 293.64%.

Analysts Set New Price Targets

Several equities analysts have recently commented on O shares. Wedbush reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. UBS Group reduced their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday. Finally, Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Company 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.