Channel Wealth LLC Purchases 7,142 Shares of Realty Income Co. (NYSE:O)

Channel Wealth LLC raised its position in shares of Realty Income Co. (NYSE:O - Free Report) by 108.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,722 shares of the real estate investment trust's stock after acquiring an additional 7,142 shares during the quarter. Channel Wealth LLC's holdings in Realty Income were worth $796,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Portside Wealth Group LLC boosted its holdings in Realty Income by 16.0% in the first quarter. Portside Wealth Group LLC now owns 11,388 shares of the real estate investment trust's stock worth $608,000 after acquiring an additional 1,571 shares in the last quarter. Romano Brothers AND Company raised its position in shares of Realty Income by 9.1% during the first quarter. Romano Brothers AND Company now owns 11,119 shares of the real estate investment trust's stock worth $645,000 after purchasing an additional 925 shares during the period. RFG Advisory LLC lifted its holdings in shares of Realty Income by 32.0% in the 1st quarter. RFG Advisory LLC now owns 48,423 shares of the real estate investment trust's stock worth $2,809,000 after purchasing an additional 11,729 shares in the last quarter. Merit Financial Group LLC grew its position in Realty Income by 35.2% in the 1st quarter. Merit Financial Group LLC now owns 22,252 shares of the real estate investment trust's stock valued at $1,291,000 after purchasing an additional 5,793 shares during the period. Finally, NBC Securities Inc. increased its stake in Realty Income by 168,687.5% during the 1st quarter. NBC Securities Inc. now owns 13,503 shares of the real estate investment trust's stock valued at $783,000 after purchasing an additional 13,495 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.21 during trading hours on Friday, hitting $56.04. 4,840,276 shares of the company's stock traded hands, compared to its average volume of 5,190,878. The stock has a market capitalization of $50.61 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a fifty day simple moving average of $56.15 and a 200-day simple moving average of $55.59.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's payout ratio is 292.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut 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. Mizuho boosted their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.