Farther Finance Advisors LLC Buys 12,654 Shares of Realty Income Co. (NYSE:O)

Farther Finance Advisors LLC grew its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 230.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,145 shares of the real estate investment trust's stock after acquiring an additional 12,654 shares during the period. Farther Finance Advisors LLC's holdings in Realty Income were worth $1,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 615 shares during the last quarter. Empowered Funds LLC lifted its holdings in Realty Income by 10.6% during the 4th quarter. Empowered Funds LLC now owns 16,699 shares of the real estate investment trust's stock worth $887,000 after buying an additional 1,598 shares during the last quarter. Focus Financial Network Inc. grew its position in shares of Realty Income by 10.7% in the 4th quarter. Focus Financial Network Inc. now owns 9,768 shares of the real estate investment trust's stock worth $522,000 after acquiring an additional 948 shares in the last quarter. Essex Financial Services Inc. grew its position in shares of Realty Income by 3.1% in the 4th quarter. Essex Financial Services Inc. now owns 15,588 shares of the real estate investment trust's stock worth $833,000 after acquiring an additional 471 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Realty Income by 21.8% during the 4th quarter. Quent Capital LLC now owns 1,725 shares of the real estate investment trust's stock valued at $92,000 after acquiring an additional 309 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.6%

Shares of NYSE:O traded down $0.35 on Friday, reaching $57.61. The company had a trading volume of 4,851,113 shares, compared to its average volume of 5,200,834. The stock has a market capitalization of $52.03 billion, a P/E ratio of 54.87, a P/E/G ratio of 2.10 and a beta of 0.76. The stock has a 50-day moving average price of $56.28 and a 200 day moving average price of $55.58. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company's revenue was up 9.5% on a year-over-year basis. On average, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a $0.269 dividend. This is an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Scotiabank increased their price target 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. UBS Group reduced their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, 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. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.15.

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.