Realty Income Corporation (NYSE:O) Shares Bought by Cambridge Investment Research Advisors Inc.

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the 4th quarter worth $553,572,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after buying an additional 166,178 shares during the last quarter. Employees Retirement System of Texas boosted its holdings in 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 worth $26,074,000 after acquiring an additional 78,000 shares in the last quarter. Sterling Capital Management LLC grew its stake 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 worth $5,958,000 after acquiring an additional 19,527 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Realty Income by 21.6% during the fourth quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after acquiring an additional 127,300 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

O has been the subject of a number of research reports. UBS Group decreased 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. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Mizuho increased their price objective 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. Royal Bank Of Canada cut their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Scotiabank boosted their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Trading Down 0.7%

Shares of O stock traded down $0.41 on Tuesday, hitting $57.96. The stock had a trading volume of 5,385,482 shares, compared to its average volume of 5,226,924. The company's 50 day moving average price is $56.80 and its 200-day moving average price is $55.61. 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. The firm has a market capitalization of $52.34 billion, a P/E ratio of 52.69, a P/E/G ratio of 4.08 and a beta of 0.76.

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

Realty Income Increases Dividend

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

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.