Cwm LLC Purchases 61,583 Shares of Realty Income Corporation (NYSE:O)

CWM LLC increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 80.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,685 shares of the real estate investment trust's stock after buying an additional 61,583 shares during the quarter. CWM LLC's holdings in Realty Income were worth $7,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Employees Retirement System of Texas grew its stake in Realty Income by 19.0% during the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Realty Income by 21.2% in the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after acquiring an additional 19,527 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Realty Income in the 1st quarter worth approximately $1,470,000. Renaissance Technologies LLC grew its position in shares of Realty Income by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock worth $38,207,000 after acquiring an additional 127,300 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its position in shares of Realty Income by 1,965.5% in the 1st quarter. Capital Investment Advisors LLC now owns 163,379 shares of the real estate investment trust's stock worth $9,478,000 after acquiring an additional 155,469 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on O shares. Scotiabank boosted their price target 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. UBS Group decreased their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday. Stifel Nicolaus upped their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Mizuho boosted their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

O stock traded down $0.22 during midday trading on Thursday, reaching $56.58. 2,579,543 shares of the company's stock traded hands, compared to its average volume of 5,289,893. The company has a 50-day simple moving average of $56.78 and a two-hundred day simple moving average of $55.97. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a market cap of $51.09 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 3.97 and a beta of 0.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

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, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm posted $1.03 EPS. The business's revenue was up 9.5% on a year-over-year basis. On average, analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a yield of 5.7%. Realty Income's payout ratio is 293.64%.

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.