4,483 Shares in Realty Income Corporation (NYSE:O) Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. purchased a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,483 shares of the real estate investment trust's stock, valued at approximately $257,000.

Several other institutional investors have also recently added to or reduced their stakes in O. Tectonic Advisors LLC raised its position in Realty Income by 10.2% during the 1st quarter. Tectonic Advisors LLC now owns 141,378 shares of the real estate investment trust's stock worth $8,201,000 after buying an additional 13,068 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Realty Income by 53.9% during the first quarter. Wealthfront Advisers LLC now owns 218,921 shares of the real estate investment trust's stock worth $12,700,000 after acquiring an additional 76,628 shares during the period. Mosaic Family Wealth Partners LLC raised its holdings in Realty Income by 4.7% during the first quarter. Mosaic Family Wealth Partners LLC now owns 12,916 shares of the real estate investment trust's stock worth $749,000 after purchasing an additional 579 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in Realty Income in the first quarter valued at about $701,000. Finally, Hager Investment Management Services LLC boosted its holdings in Realty Income by 21.4% in the 1st quarter. Hager Investment Management Services LLC now owns 13,308 shares of the real estate investment trust's stock valued at $772,000 after purchasing an additional 2,344 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on O shares. Scotiabank increased their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Price Performance

NYSE O traded up $0.11 during trading hours on Friday, reaching $56.47. The company's stock had a trading volume of 4,155,974 shares, compared to its average volume of 5,295,194. 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 $56.00. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The stock has a market cap of $51.00 billion, a PE ratio of 51.34, a PEG ratio of 3.96 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is currently 293.64%.

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.