Ballentine Partners LLC Raises Stock Holdings in Realty Income Corporation (NYSE:O)

Ballentine Partners LLC lifted its stake in Realty Income Corporation (NYSE:O - Free Report) by 60.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,038 shares of the real estate investment trust's stock after purchasing 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.

A number of other hedge funds have also recently made changes to their positions in O. Norges Bank bought a new position in Realty Income during the 4th quarter worth about $624,666,000. Northern Trust Corp grew its holdings in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System grew its holdings in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after acquiring an additional 811,037 shares in the last quarter. GAMMA Investing LLC grew its holdings in Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after acquiring an additional 694,983 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

NYSE O traded down $0.36 on Thursday, hitting $56.43. The company had a trading volume of 4,436,242 shares, compared to its average volume of 5,296,621. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $50.96 billion, a PE ratio of 51.30, a PEG ratio of 3.98 and a beta of 0.75. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company's fifty day moving average price is $56.78 and its 200-day moving average price is $56.00.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results 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 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 in the previous year, the company posted $1.03 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued 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 is presently 293.64%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho increased their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, UBS Group reduced their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.