D.A. Davidson & CO. Buys 8,497 Shares of Realty Income Corporation (NYSE:O)

D.A. Davidson & CO. raised its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,156 shares of the real estate investment trust's stock after acquiring an additional 8,497 shares during the period. D.A. Davidson & CO.'s holdings in Realty Income were worth $14,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Teacher Retirement System of Texas grew its stake in shares of Realty Income by 228.1% in the first quarter. Teacher Retirement System of Texas now owns 168,528 shares of the real estate investment trust's stock worth $9,776,000 after acquiring an additional 117,159 shares during the last quarter. Revisor Wealth Management LLC boosted its holdings in Realty Income by 89.8% in the 1st quarter. Revisor Wealth Management LLC now owns 7,757 shares of the real estate investment trust's stock valued at $450,000 after purchasing an additional 3,670 shares during the period. Private Trust Co. NA grew its position in Realty Income by 7.8% in the 1st quarter. Private Trust Co. NA now owns 10,358 shares of the real estate investment trust's stock worth $601,000 after purchasing an additional 752 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Realty Income by 63.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 976 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 379 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in shares of Realty Income by 10,040.0% during the 1st quarter. Pinnacle Financial Partners Inc now owns 4,563 shares of the real estate investment trust's stock worth $264,000 after purchasing an additional 4,518 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

O has been the topic of a number of recent research reports. 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 research report on Tuesday, May 13th. Mizuho lifted their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Scotiabank boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

Shares of NYSE:O traded down $0.06 on Friday, hitting $57.70. The stock had a trading volume of 2,942,493 shares, compared to its average volume of 5,242,274. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $52.10 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of 4.04 and a beta of 0.75. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The firm's 50 day moving average price is $56.74 and its 200-day moving average price is $55.70.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $1.03 EPS. Realty Income's revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's dividend payout ratio is currently 293.64%.

Realty Income 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.