Brendel Financial Advisors LLC Makes New $2.78 Million Investment in Realty Income Corporation (NYSE:O)

Brendel Financial Advisors LLC bought a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,982 shares of the real estate investment trust's stock, valued at approximately $2,783,000. Realty Income accounts for about 1.7% of Brendel Financial Advisors LLC's investment portfolio, making the stock its 21st largest holding.

Other institutional investors also recently bought and sold shares of the company. Smith Moore & CO. raised its stake in shares of Realty Income by 4.8% in the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 201 shares during the period. Parkside Financial Bank & Trust increased its stake 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 worth $115,000 after buying an additional 218 shares during the period. Kentucky Trust Co increased its stake in 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 buying an additional 225 shares during the period. Howard Capital Management Inc. increased its stake 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 worth $238,000 after buying an additional 229 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake 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 worth $675,000 after buying an additional 241 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Stifel Nicolaus upped their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. UBS Group lowered their price target 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. Finally, Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Performance

O stock traded up $1.22 on Monday, hitting $58.40. The company's stock had a trading volume of 5,165,730 shares, compared to its average volume of 5,222,429. The firm has a 50 day moving average of $56.74 and a two-hundred day moving average of $55.57. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 53.09, a price-to-earnings-growth ratio of 4.00 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a $0.269 dividend. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's dividend payout ratio is 292.73%.

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.