CreativeOne Wealth LLC Acquires 14,296 Shares of Realty Income Corporation $O

Key Points

• CreativeOne Wealth LLC increased its stake in Realty Income Corporation by 40.2%, owning 49,824 shares valued at approximately $2.89 million as of the latest filing.
• Realty Income reported a quarterly earnings per share of $1.05, slightly missing analysts' estimates, while revenues rose 5.3% year-over-year to $1.34 billion.
• The company announced an increase in its monthly dividend to $0.269 per share, yielding about 5.5%, with the ex-dividend date set for September 2nd.

CreativeOne Wealth LLC lifted its stake in Realty Income Corporation (NYSE:O - Free Report) by 40.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,824 shares of the real estate investment trust's stock after acquiring an additional 14,296 shares during the quarter. CreativeOne Wealth LLC's holdings in Realty Income were worth $2,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of O. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the first quarter valued at about $26,000. PSI Advisors LLC increased its position 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 buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter worth approximately $34,000. FSC Wealth Advisors LLC increased its position in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new position in Realty Income during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on O shares. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Barclays boosted their price target on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. UBS Group boosted their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Realty Income presently has an average rating of "Hold" and an average target price of $62.00.

Realty Income Price Performance

Shares of O stock traded up $0.62 during trading on Friday, hitting $58.75. The company had a trading volume of 4,365,965 shares, compared to its average volume of 5,375,138. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $53.72 billion, a P/E ratio of 57.04, a price-to-earnings-growth ratio of 4.49 and a beta of 0.76. The stock's 50-day moving average price is $57.64 and its 200 day moving average price is $56.86. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. Equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. This is an increase from Realty Income's previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income's payout ratio is currently 312.62%.

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.