Exchange Traded Concepts LLC Has $3.19 Million Holdings in Realty Income Corporation (NYSE:O)

Exchange Traded Concepts LLC reduced its holdings in Realty Income Corporation (NYSE:O - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,985 shares of the real estate investment trust's stock after selling 6,870 shares during the period. Exchange Traded Concepts LLC's holdings in Realty Income were worth $3,190,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in Realty Income in the 4th quarter valued at $624,666,000. Raymond James Financial Inc. purchased a new position in shares of Realty Income in the fourth quarter worth about $553,572,000. Northern Trust Corp lifted its stake in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after buying an additional 811,037 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after purchasing an additional 694,983 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on O shares. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Royal Bank Of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, 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 research report on Thursday, April 3rd. Nine 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 stock presently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Price Performance

Shares of O traded up $0.02 during midday trading on Wednesday, reaching $57.55. The stock had a trading volume of 4,410,857 shares, compared to its average volume of 5,216,992. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. 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's 50 day moving average price is $56.56 and its 200-day moving average price is $55.55. The company has a market capitalization of $51.98 billion, a P/E ratio of 52.32, a P/E/G ratio of 4.02 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last released 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 the consensus estimate 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 period in the previous year, the firm earned $1.03 EPS. On average, analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal 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 paid a dividend of $0.269 per share. This is an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's payout ratio is 292.73%.

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.