Realty Income Corporation (NYSE:O) Shares Purchased by Edmp Inc.

Edmp Inc. boosted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 21.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 47,915 shares of the real estate investment trust's stock after acquiring an additional 8,618 shares during the quarter. Realty Income comprises about 2.3% of Edmp Inc.'s portfolio, making the stock its 14th largest position. Edmp Inc.'s holdings in Realty Income were worth $2,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Smith Moore & CO. grew its stake in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after buying an additional 201 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after buying an additional 218 shares in the last quarter. Kentucky Trust Co increased its position in Realty Income by 2.6% during the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after buying an additional 225 shares in the last quarter. Howard Capital Management Inc. grew its position in shares of Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 229 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Realty Income by 1.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Down 0.2%

Shares of NYSE:O traded down $0.14 on Friday, hitting $57.06. 5,308,085 shares of the company traded hands, compared to its average volume of 5,240,688. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a 50 day simple moving average of $56.76 and a 200-day simple moving average of $55.63. The company has a market cap of $51.53 billion, a PE ratio of 51.87, a PEG ratio of 4.00 and a beta of 0.76.

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 return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $1.03 EPS. The business's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a dividend yield of 5.6%. This is a boost 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 is currently 292.73%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on O shares. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank increased their target price on shares of 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 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. Finally, Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income 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.