DAVENPORT & Co LLC Has $7.05 Million Holdings in Realty Income Corporation (NYSE:O)

DAVENPORT & Co LLC grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,501 shares of the real estate investment trust's stock after purchasing an additional 6,406 shares during the quarter. DAVENPORT & Co LLC's holdings in Realty Income were worth $7,047,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 615 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Realty Income by 39.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,011 shares of the real estate investment trust's stock worth $159,000 after purchasing an additional 856 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Realty Income by 23.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,479 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 467 shares during the last quarter. Modera Wealth Management LLC grew its holdings in Realty Income by 8.2% during the fourth quarter. Modera Wealth Management LLC now owns 4,904 shares of the real estate investment trust's stock valued at $262,000 after purchasing an additional 372 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in Realty Income by 23.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,096 shares of the real estate investment trust's stock worth $223,000 after acquiring an additional 785 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on O. Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank raised their target price 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. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Down 0.1%

Shares of O stock traded down $0.06 on Thursday, reaching $57.70. The company had a trading volume of 2,942,493 shares, compared to its average volume of 5,229,858. The stock has a market cap of $52.10 billion, a PE ratio of 52.45, a PEG ratio of 4.04 and a beta of 0.75. The company has a 50-day moving average of $56.73 and a 200-day moving average of $55.68. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

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

Realty Income Increases Dividend

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