Charles Schwab Investment Management Inc. Buys 123,501 Shares of Realty Income Corporation (NYSE:O)

Charles Schwab Investment Management Inc. lifted its stake in Realty Income Corporation (NYSE:O - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,112,801 shares of the real estate investment trust's stock after buying an additional 123,501 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.13% of Realty Income worth $586,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in O. Victory Capital Management Inc. increased its holdings in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after purchasing an additional 19,965 shares during the last quarter. Sterling Capital Management LLC increased its stake in Realty Income by 21.2% in the 4th 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. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Realty Income during the 1st quarter worth approximately $1,470,000. Renaissance Technologies LLC boosted its position in shares of Realty Income by 21.6% during the 4th 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 during the last quarter. Finally, Keyes Stange & Wooten Wealth Management LLC grew its holdings in shares of Realty Income by 95.1% in the first quarter. Keyes Stange & Wooten Wealth Management LLC now owns 10,319 shares of the real estate investment trust's stock valued at $599,000 after purchasing an additional 5,031 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on O. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. decreased their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. 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. Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus price target of $61.36.

Realty Income Trading Up 0.7%

O traded up $0.40 during trading hours on Friday, reaching $57.49. 4,535,056 shares of the company's stock traded hands, compared to its average volume of 5,369,053. The company has a quick ratio of 1.74, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $57.21 and a 200 day moving average price of $56.42. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The firm has a market capitalization of $51.92 billion, a PE ratio of 55.82, a PEG ratio of 4.01 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results 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 company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company 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. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's payout ratio is presently 293.64%.

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.