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

Edgemoor Investment Advisors Inc. boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 177,505 shares of the real estate investment trust's stock after purchasing 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.

Other institutional investors have also recently added to or reduced their stakes in the company. Smith Moore & CO. grew its stake in shares of Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares in the last quarter. Kentucky Trust Co increased its holdings in Realty Income by 2.6% in the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after buying an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. grew 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 purchasing an additional 241 shares during the last quarter. 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 during the last quarter. Finally, First Bank & Trust boosted its position in Realty Income by 0.8% during the first quarter. First Bank & Trust now owns 34,633 shares of the real estate investment trust's stock worth $2,009,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on O shares. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. 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. JPMorgan Chase & Co. cut their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

Shares of O stock traded up $0.06 during mid-day trading on Wednesday, hitting $57.90. The stock had a trading volume of 3,651,487 shares, compared to its average volume of 5,293,237. The company's 50-day simple moving average is $56.77 and its 200-day simple moving average is $56.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market cap of $52.28 billion, a PE ratio of 52.63, a PEG ratio of 3.96 and a beta of 0.75. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company 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. This represents a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is presently 293.64%.

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.