Demars Financial Group LLC Has $37.86 Million Stock Holdings in Realty Income Corporation (NYSE:O)

Demars Financial Group LLC raised its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,671 shares of the real estate investment trust's stock after purchasing an additional 75,683 shares during the period. Demars Financial Group LLC owned 0.07% of Realty Income worth $37,861,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Realty Income in the fourth quarter worth $553,572,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after buying an additional 166,178 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of 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 worth $26,074,000 after acquiring an additional 78,000 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after acquiring an additional 19,527 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 valued at $38,207,000 after acquiring an additional 127,300 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.02 during trading on Thursday, hitting $57.55. 4,410,857 shares of the stock were exchanged, compared to its average volume of 5,216,993. The company has a market capitalization of $51.98 billion, a price-to-earnings ratio of 52.32, a price-to-earnings-growth ratio of 4.02 and a beta of 0.76. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company's fifty day simple moving average is $56.70 and its 200-day simple moving average is $55.57.

Realty Income (NYSE:O - Get Free Report) last posted 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. This is a boost 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 (DPR) is currently 292.73%.

Wall Street Analyst Weigh In

O has been the subject of a number of recent analyst reports. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Scotiabank boosted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. UBS Group dropped their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $61.15.

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.