Commonwealth Equity Services LLC Buys 37,674 Shares of Realty Income Corporation (NYSE:O)

Commonwealth Equity Services LLC raised its stake in Realty Income Corporation (NYSE:O - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 675,606 shares of the real estate investment trust's stock after buying an additional 37,674 shares during the period. Commonwealth Equity Services LLC owned about 0.08% of Realty Income worth $39,192,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Northern Trust Corp lifted its position in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after purchasing an additional 3,834,403 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Realty Income by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock worth $230,663,000 after purchasing an additional 110,694 shares during the period. Royal Bank of Canada lifted its position in shares of Realty Income by 6.5% in the 4th quarter. Royal Bank of Canada now owns 3,174,507 shares of the real estate investment trust's stock worth $169,551,000 after purchasing an additional 193,013 shares during the period. Lasalle Investment Management Securities LLC lifted its position in shares of Realty Income by 8.6% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 2,432,712 shares of the real estate investment trust's stock worth $129,931,000 after purchasing an additional 192,749 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Realty Income by 29.6% in the 1st quarter. Federated Hermes Inc. now owns 2,359,129 shares of the real estate investment trust's stock worth $136,853,000 after purchasing an additional 538,999 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 1.6%

Shares of O opened at $57.47 on Tuesday. The company's fifty day simple moving average is $57.14 and its 200-day simple moving average is $56.38. The company has a market cap of $51.90 billion, a P/E ratio of 52.24, a P/E/G ratio of 3.97 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. As a group, analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid 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 (DPR) is currently 293.64%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. UBS Group lowered their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.

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