Consolidated Portfolio Review Corp Acquires 19,816 Shares of Realty Income Corporation (NYSE:O)

Consolidated Portfolio Review Corp grew its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 29.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,967 shares of the real estate investment trust's stock after purchasing an additional 19,816 shares during the period. Realty Income comprises 0.8% of Consolidated Portfolio Review Corp's holdings, making the stock its 23rd largest holding. Consolidated Portfolio Review Corp's holdings in Realty Income were worth $5,103,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in O. Lee Danner & Bass Inc. bought a new position in shares of Realty Income in the fourth quarter worth $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income during the fourth quarter worth about $29,000. PSI Advisors LLC increased its holdings in Realty Income by 78.3% in the 1st 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 period. Millstone Evans Group LLC bought a new position in Realty Income in the 4th quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income in the 4th quarter valued at approximately $34,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on O shares. UBS Group reduced their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Scotiabank upped their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Mizuho raised their price objective 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

Shares of O opened at $58.40 on Tuesday. 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 market cap of $52.74 billion, a PE ratio of 53.09, a PEG ratio of 4.00 and a beta of 0.76. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The business has a 50-day simple moving average of $56.79 and a two-hundred day simple moving average of $55.59.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $1.31 billion for 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%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. Analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

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.

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