Core Alternative Capital Decreases Stake in Realty Income Corporation (NYSE:O)

Core Alternative Capital lowered its position in Realty Income Corporation (NYSE:O - Free Report) by 18.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,624 shares of the real estate investment trust's stock after selling 21,653 shares during the quarter. Realty Income comprises about 1.3% of Core Alternative Capital's holdings, making the stock its 29th biggest holding. Core Alternative Capital's holdings in Realty Income were worth $5,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smith Moore & CO. grew its position in Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 201 shares during the period. Kentucky Trust Co lifted its stake in Realty Income by 2.6% in the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after buying an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Realty Income by 1.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares in the last quarter. PSI Advisors LLC grew its holdings in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares during the period. Finally, Buckley Wealth Management LLC grew its position in Realty Income by 2.7% during the fourth quarter. Buckley Wealth Management LLC now owns 9,708 shares of the real estate investment trust's stock valued at $519,000 after purchasing an additional 258 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on O shares. Mizuho upped 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. JPMorgan Chase & Co. cut 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 note on Monday, May 5th. Stifel Nicolaus raised their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. UBS Group cut their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Price Performance

NYSE:O traded down $0.28 during trading hours on Monday, reaching $57.41. 1,529,680 shares of the company traded hands, compared to its average volume of 5,235,344. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market cap of $51.84 billion, a P/E ratio of 52.24, a P/E/G ratio of 4.04 and a beta of 0.75. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The firm's 50-day moving average is $56.75 and its 200-day moving average is $55.77.

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 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $1.03 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. 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 company 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. This is an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is 293.64%.

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.