Dimensional Fund Advisors LP Raises Holdings in Realty Income Corporation (NYSE:O)

Key Points

• Dimensional Fund Advisors LP increased its stake in Realty Income Corporation by 3.9%, now holding over 12 million shares valued at approximately $702.38 million.
• Realty Income recently announced a dividend of $0.269, which comes with a remarkable dividend yield of 570.0%, despite a high dividend payout ratio of 313.59%.
• The company's latest earnings report showed a quarterly EPS of $1.05, missing estimates slightly, while revenue was reported at $1.34 billion, marking a 5.3% year-over-year increase.

Dimensional Fund Advisors LP grew its stake in Realty Income Corporation (NYSE:O - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,108,561 shares of the real estate investment trust's stock after purchasing an additional 451,307 shares during the period. Dimensional Fund Advisors LP owned approximately 1.34% of Realty Income worth $702,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in O. PSI Advisors LLC grew its position in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC grew its position in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC grew its position in shares of Realty Income by 52.8% in the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 272 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 1.0%

NYSE O traded up $0.58 during trading on Friday, hitting $58.40. The stock had a trading volume of 6,239,469 shares, compared to its average volume of 4,646,010. The company has a market capitalization of $53.40 billion, a PE ratio of 56.70, a PEG ratio of 4.47 and a beta of 0.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $57.39 and a 200 day moving average price of $56.55. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. As a group, equities research 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 monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. This is a positive change from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Analyst Ratings Changes

O has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday. Finally, Scotiabank lifted their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.73.

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.