Cambridge Investment Research Advisors Inc. Acquires 27,134 Shares of Realty Income Corporation (NYSE:O)

Cambridge Investment Research Advisors Inc. grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 550,132 shares of the real estate investment trust's stock after buying an additional 27,134 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.06% of Realty Income worth $31,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in O. Brighton Jones LLC raised its position in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares in the last quarter. Private Advisor Group LLC lifted its stake in Realty Income by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 58,451 shares of the real estate investment trust's stock worth $3,122,000 after purchasing an additional 558 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Realty Income by 6.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 22,704 shares of the real estate investment trust's stock worth $1,213,000 after purchasing an additional 1,428 shares during the last quarter. Sigma Planning Corp lifted its stake in Realty Income by 15.0% in the fourth quarter. Sigma Planning Corp now owns 46,268 shares of the real estate investment trust's stock worth $2,471,000 after purchasing an additional 6,051 shares during the last quarter. Finally, JBR Co Financial Management Inc lifted its stake in Realty Income by 2.4% in the fourth quarter. JBR Co Financial Management Inc now owns 17,349 shares of the real estate investment trust's stock worth $927,000 after purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.2%

Shares of O stock traded up $0.13 during mid-day trading on Thursday, reaching $57.21. The stock had a trading volume of 6,186,205 shares, compared to its average volume of 5,244,222. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock's 50-day moving average price is $56.78 and its two-hundred day moving average price is $55.62. The firm has a market capitalization of $51.66 billion, a PE ratio of 52.01, a price-to-earnings-growth ratio of 3.99 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last announced 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 net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. Realty Income's quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business 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 dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 5.6%. This is a boost from Realty Income's previous jul 25 dividend of $0.27. Realty Income's payout ratio is currently 292.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on O. JPMorgan Chase & Co. lowered their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Mizuho boosted their price target 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. 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. Finally, Scotiabank boosted 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. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $61.15.

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.