Realty Income Corporation (NYSE:O) Stake Lifted by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its holdings in Realty Income Corporation by 10.5%, owning a total of 227,412 shares valued at approximately $13.2 million at the end of the first quarter.
• Several large investors, including PSI Advisors LLC and FSC Wealth Advisors LLC, significantly raised their positions in Realty Income, with hedge funds and institutional investors controlling 70.81% of the stock.
• Realty Income's recent earnings report showed an EPS of $1.05, slightly below the consensus estimate, while the company declared a dividend of $0.269 per share, yielding 570.0%.

Benjamin Edwards Inc. grew its holdings in Realty Income Corporation (NYSE:O - Free Report) by 10.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 227,412 shares of the real estate investment trust's stock after buying an additional 21,521 shares during the period. Benjamin Edwards Inc.'s holdings in Realty Income were worth $13,192,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in O. Northern Trust Corp lifted its position in shares of 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 valued at $701,792,000 after acquiring an additional 3,834,403 shares during the period. Vanguard Group Inc. lifted its position in shares of Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after acquiring an additional 1,055,840 shares during the period. GAMMA Investing LLC lifted its position in shares of 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 valued at $40,988,000 after acquiring an additional 694,983 shares during the period. Finally, Demars Financial Group LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at approximately $30,817,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

O traded down $0.01 on Monday, hitting $57.43. 3,607,494 shares of the company's stock were exchanged, compared to its average volume of 5,364,485. The firm has a market cap of $52.51 billion, a PE ratio of 55.76, a P/E/G ratio of 4.04 and a beta of 0.76. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The stock has a fifty day moving average of $57.21 and a two-hundred day moving average of $56.46. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company posted $1.07 EPS. Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio (DPR) is 313.59%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Scotiabank boosted 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 note on Monday, May 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $61.36.

Realty Income 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.