Realty Income Corporation (NYSE:O) Shares Bought by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC boosted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 43.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,067 shares of the real estate investment trust's stock after purchasing an additional 17,846 shares during the quarter. Cohen Investment Advisors LLC's holdings in Realty Income were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. purchased a new stake in Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income in the fourth quarter valued at about $29,000. PSI Advisors LLC raised its stake in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Realty Income in the fourth quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the fourth quarter valued at about $34,000. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of NYSE:O traded down $0.14 during trading on Friday, hitting $57.06. The stock had a trading volume of 5,308,085 shares, compared to its average volume of 5,228,085. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The stock has a market capitalization of $51.53 billion, a price-to-earnings ratio of 51.87, a price-to-earnings-growth ratio of 3.99 and a beta of 0.76. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a 50-day simple moving average of $56.76 and a two-hundred day simple moving average of $55.63.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. Realty Income's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. On average, equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on O shares. Wedbush reiterated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group decreased their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Stifel Nicolaus increased their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Company 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.