Brookstone Capital Management Increases Stock Position in Realty Income Corporation (NYSE:O)

Brookstone Capital Management lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,115 shares of the real estate investment trust's stock after purchasing an additional 12,853 shares during the period. Brookstone Capital Management's holdings in Realty Income were worth $12,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after purchasing an additional 166,178 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares during the period. Sterling Capital Management LLC increased its position in shares of Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after buying an additional 19,527 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Realty Income in the 1st quarter worth about $1,470,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Realty Income by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock worth $38,207,000 after buying an additional 127,300 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O stock traded down $0.04 during trading hours on Tuesday, reaching $57.49. 3,966,897 shares of the company's stock were exchanged, compared to its average volume of 5,242,008. The company has a market cap of $51.92 billion, a P/E ratio of 52.26, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75. The company's 50 day moving average is $56.76 and its two-hundred day moving average is $55.82. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74.

Realty Income (NYSE:O - Get Free Report) last issued 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. 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the company posted $1.03 earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company 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. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Scotiabank upped their price target 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. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho upped their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Wedbush reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average 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.