Consolidated Portfolio Review Corp Boosts Position in Realty Income Corporation (NYSE:O)

Consolidated Portfolio Review Corp increased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 29.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,967 shares of the real estate investment trust's stock after purchasing an additional 19,816 shares during the period. Realty Income accounts for 0.8% of Consolidated Portfolio Review Corp's portfolio, making the stock its 23rd largest holding. Consolidated Portfolio Review Corp's holdings in Realty Income were worth $5,103,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. purchased a new position in Realty Income during the fourth quarter valued at $553,572,000. Northern Trust Corp increased its holdings in 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 valued at $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System lifted its stake in Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after purchasing an additional 811,037 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after purchasing an additional 694,983 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.2%

Shares of O traded down $0.14 during midday trading on Friday, hitting $57.06. 5,308,085 shares of the company's stock traded hands, compared to its average volume of 5,240,688. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. 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. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm's fifty day moving average is $56.78 and its 200-day moving average is $55.62.

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

Realty Income Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on O shares. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. 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 report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wedbush restated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Scotiabank boosted their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Nine equities research 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 a consensus 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.