Donald L. Hagan LLC Invests $1.68 Million in Realty Income Co. (NYSE:O)

Donald L. Hagan LLC purchased a new position in Realty Income Co. (NYSE:O - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,002 shares of the real estate investment trust's stock, valued at approximately $1,682,000. Realty Income accounts for about 0.9% of Donald L. Hagan LLC's investment portfolio, making the stock its 18th largest position.

Several other hedge funds have also recently made changes to their positions in O. Vanguard Group Inc. boosted its position in shares of Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after purchasing an additional 658,240 shares in the last quarter. Northern Trust Corp boosted its position in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $624,666,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $553,572,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

O has been the topic of several research reports. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. UBS Group dropped their price target 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 target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

Realty Income stock traded down $0.35 during mid-day trading on Friday, reaching $57.61. 4,851,113 shares of the stock traded hands, compared to its average volume of 5,204,380. The stock has a market capitalization of $52.03 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The business's 50-day moving average is $56.28 and its 200-day moving average is $55.58.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.269 dividend. This represents a dividend yield of 5.6%. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

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.