Realty Income Corporation (NYSE:O) Shares Bought by Centersquare Investment Management LLC

Key Points

• Centersquare Investment Management LLC increased its holdings in Realty Income Corporation by 27.0%, now owning approximately 4.97 million shares valued at $288.38 million.
• Realty Income reported a net margin of 18.15% for the last quarter, with earnings per share (EPS) meeting expectations at $1.06 and revenue rising to $1.31 billion.
• The current consensus rating for Realty Income's stock is "Hold," with a target price averaging $61.15 according to ten analysts.

Centersquare Investment Management LLC lifted its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,971,123 shares of the real estate investment trust's stock after purchasing an additional 1,055,840 shares during the period. Realty Income accounts for about 3.0% of Centersquare Investment Management LLC's portfolio, making the stock its 11th biggest position. Centersquare Investment Management LLC owned 0.56% of Realty Income worth $288,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wealthspire Advisors LLC increased its position in shares of Realty Income by 104.5% during the first quarter. Wealthspire Advisors LLC now owns 36,080 shares of the real estate investment trust's stock valued at $2,093,000 after acquiring an additional 18,433 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Realty Income by 80.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,551 shares of the real estate investment trust's stock worth $148,000 after buying an additional 1,140 shares during the last quarter. Vision Financial Markets LLC increased its position in Realty Income by 945.5% in the first quarter. Vision Financial Markets LLC now owns 11,500 shares of the real estate investment trust's stock worth $667,000 after buying an additional 10,400 shares during the last quarter. Associated Banc Corp increased its position in Realty Income by 1.9% in the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock worth $595,000 after buying an additional 192 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its position in Realty Income by 49.6% in the first quarter. New Age Alpha Advisors LLC now owns 232,286 shares of the real estate investment trust's stock worth $13,475,000 after buying an additional 77,041 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.4%

Shares of O traded up $0.24 during midday trading on Thursday, reaching $57.15. The company had a trading volume of 5,053,716 shares, compared to its average volume of 5,386,898. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock has a market cap of $51.61 billion, a PE ratio of 55.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.76. The firm has a 50 day simple moving average of $57.20 and a 200-day simple moving average of $56.41. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.35% and a net margin of 16.77%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 earnings per share. Research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.269 dividend. This represents a yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is 293.64%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on O. JPMorgan Chase & Co. dropped their price target 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. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $61.36.

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.