Fiduciary Alliance LLC Makes New $272,000 Investment in Realty Income Corporation $O

Key Points

• Fiduciary Alliance LLC has acquired a new stake in Realty Income Corporation, purchasing 4,719 shares valued at approximately $272,000 in the 2nd quarter.
• Realty Income recently announced an increase in its monthly dividend to $0.2695 per share, representing a yield of 5.5% with a payout ratio of 313.59%.
• Analysts have set new price targets for Realty Income, with the consensus target price now at $62.36, while several firms have rated the stock as "Hold" or "Buy."

Fiduciary Alliance LLC bought a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,719 shares of the real estate investment trust's stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after acquiring an additional 451,307 shares during the period. Invesco Ltd. boosted its position in shares of Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after acquiring an additional 48,024 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after acquiring an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Realty Income by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after purchasing an additional 123,501 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

O has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Mizuho lifted their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Scotiabank upped their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Realty Income presently has an average rating of "Hold" and an average price target of $62.36.

Realty Income Trading Down 0.1%

Shares of O stock traded down $0.08 during trading hours on Monday, hitting $59.08. The company had a trading volume of 5,905,077 shares, compared to its average volume of 5,386,597. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $54.01 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 4.52 and a beta of 0.77. The company's fifty day moving average is $58.18 and its 200 day moving average is $57.16. 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 Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $1.07 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts expect 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 monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This is a positive change from Realty Income's previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.5%. Realty Income's dividend payout ratio (DPR) is 313.59%.

Realty Income Company 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.