Free Trial

Realty Income Corporation (NYSE:O) Shares Bought by Edgestream Partners L.P.

Realty Income logo with Finance background

Edgestream Partners L.P. raised its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 1,019.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,281 shares of the real estate investment trust's stock after purchasing an additional 113,175 shares during the period. Edgestream Partners L.P.'s holdings in Realty Income were worth $7,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Lee Danner & Bass Inc. purchased a new stake in Realty Income in the 4th quarter worth about $28,000. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the period. FSC Wealth Advisors LLC grew its stake in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income during the 4th quarter worth approximately $34,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 0.2%

O traded up $0.13 on Wednesday, hitting $56.79. The company had a trading volume of 5,287,866 shares, compared to its average volume of 5,299,937. The company's fifty day moving average price is $56.78 and its 200 day moving average price is $55.97. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a market cap of $51.28 billion, a P/E ratio of 51.62, a PEG ratio of 3.97 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business's revenue was up 9.5% on a year-over-year basis. As a group, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Investors 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 payout ratio is currently 293.64%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on O shares. Stifel Nicolaus upped their price objective on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Mizuho boosted their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday. Finally, UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $61.15.

Read Our Latest Report on Realty Income

About Realty Income

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Realty Income (NYSE:O)

Should You Invest $1,000 in Realty Income Right Now?

Before you consider Realty Income, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Realty Income wasn't on the list.

While Realty Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

5 Stocks to BUY NOW in July 2025
3 Tech Stocks Insiders Are Buying: Speculative Plays for June
7 Nuclear Stocks One Announcement Away from Exploding

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines