Edgemoor Investment Advisors Inc. Buys 4,645 Shares of Realty Income Corporation (NYSE:O)

Edgemoor Investment Advisors Inc. increased its position in Realty Income Corporation (NYSE:O - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,505 shares of the real estate investment trust's stock after buying an additional 4,645 shares during the period. Edgemoor Investment Advisors Inc.'s holdings in Realty Income were worth $10,297,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of O. Smith Moore & CO. lifted its holdings in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 201 shares during the period. Kentucky Trust Co raised its position in shares of Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Realty Income by 1.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after acquiring an additional 241 shares in the last quarter. PSI Advisors LLC boosted its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the last quarter. Finally, First Bank & Trust raised its holdings in Realty Income by 0.8% in the 1st quarter. First Bank & Trust now owns 34,633 shares of the real estate investment trust's stock valued at $2,009,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

O has been the subject of a number of research analyst reports. Mizuho upped 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. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank upped their price target 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. Finally, Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Performance

O traded up $0.27 during midday trading on Thursday, reaching $58.15. The company's stock had a trading volume of 1,280,255 shares, compared to its average volume of 5,575,521. The stock has a market cap of $52.51 billion, a P/E ratio of 52.86, a PEG ratio of 4.06 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 company has a fifty day simple moving average of $56.90 and a 200 day simple moving average of $56.10. 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 (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio is currently 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.