Black Swift Group LLC Raises Position in Realty Income Corporation (NYSE:O)

Black Swift Group LLC boosted its holdings in Realty Income Corporation (NYSE:O - Free Report) by 137.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,595 shares of the real estate investment trust's stock after purchasing an additional 10,195 shares during the period. Black Swift Group LLC's holdings in Realty Income were worth $1,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smith Moore & CO. lifted 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 worth $237,000 after buying an additional 201 shares during the last quarter. Kentucky Trust Co raised its position in shares of Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of 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 worth $675,000 after purchasing an additional 241 shares during the period. PSI Advisors LLC raised its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the period. Finally, First Bank & Trust raised its position in shares of Realty Income by 0.8% during the 1st quarter. First Bank & Trust now owns 34,633 shares of the real estate investment trust's stock worth $2,009,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.10 during trading on Wednesday, reaching $57.94. The company's stock had a trading volume of 270,716 shares, compared to its average volume of 5,280,423. 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 business's fifty day moving average price is $56.77 and its 200-day moving average price is $56.06. The firm has a market cap of $52.32 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 3.96 and a beta of 0.75. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced 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. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is currently 293.64%.

Wall Street Analyst Weigh In

O has been the topic of several recent analyst reports. Stifel Nicolaus lifted 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. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note 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 note on Thursday, April 3rd. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $61.15.

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.

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