Capital Advisors Inc. OK Purchases Shares of 534,512 Realty Income Corporation (NYSE:O)

Capital Advisors Inc. OK purchased a new stake in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 534,512 shares of the real estate investment trust's stock, valued at approximately $31,007,000. Capital Advisors Inc. OK owned about 0.06% of Realty Income at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth about $29,000. PSI Advisors LLC raised its stake in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Realty Income in the 4th quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Down 0.1%

O opened at $57.70 on Monday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week 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 $52.10 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 4.04 and a beta of 0.75. The company's 50 day moving average price is $56.75 and its two-hundred day moving average price is $55.77.

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 for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors 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 of this dividend is Tuesday, July 1st. This is an increase from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 293.64%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on O. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. UBS Group dropped their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective 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 reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus 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.

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