4,800 Shares in Realty Income Corporation (NYSE:O) Purchased by Callahan Advisors LLC

Callahan Advisors LLC acquired a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,800 shares of the real estate investment trust's stock, valued at approximately $278,000.

Other institutional investors also recently bought and sold shares of the company. Kesler Norman & Wride LLC grew its position in shares of Realty Income by 18.3% during the first quarter. Kesler Norman & Wride LLC now owns 26,286 shares of the real estate investment trust's stock worth $1,525,000 after purchasing an additional 4,069 shares in the last quarter. Country Club Bank grew its position in shares of Realty Income by 0.3% during the first quarter. Country Club Bank now owns 109,822 shares of the real estate investment trust's stock worth $6,217,000 after purchasing an additional 361 shares in the last quarter. Cerity Partners LLC grew its position in shares of Realty Income by 12.2% during the first quarter. Cerity Partners LLC now owns 97,764 shares of the real estate investment trust's stock worth $5,671,000 after purchasing an additional 10,635 shares in the last quarter. Allworth Financial LP grew its position in shares of Realty Income by 4.4% during the first quarter. Allworth Financial LP now owns 280,370 shares of the real estate investment trust's stock worth $16,023,000 after purchasing an additional 11,858 shares in the last quarter. Finally, Stonebrook Private Inc. grew its position in shares of Realty Income by 4.8% during the first quarter. Stonebrook Private Inc. now owns 37,099 shares of the real estate investment trust's stock worth $2,152,000 after purchasing an additional 1,713 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

O traded up $1.45 during trading on Monday, hitting $58.61. The company's stock had a trading volume of 6,654,315 shares, compared to its average volume of 5,260,248. The firm has a market capitalization of $52.93 billion, a price-to-earnings ratio of 53.26, a P/E/G ratio of 4.00 and a beta of 0.75. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The business's fifty day simple moving average is $56.74 and its 200 day simple moving average is $55.92. 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 announced 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%. The business's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS 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. Investors of record on Friday, August 1st will be paid a dividend of $0.269 per share. 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on O. Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. UBS Group dropped their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.