Gilman Hill Asset Management LLC Has $10.62 Million Stock Position in Realty Income Co. (NYSE:O)

Gilman Hill Asset Management LLC lifted its holdings in Realty Income Co. (NYSE:O - Free Report) by 4,164.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,984 shares of the real estate investment trust's stock after buying an additional 178,693 shares during the period. Realty Income comprises approximately 1.8% of Gilman Hill Asset Management LLC's portfolio, making the stock its 6th biggest position. Gilman Hill Asset Management LLC's holdings in Realty Income were worth $10,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after buying an additional 555,908 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. Northern Trust Corp increased its position 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 valued at $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Norges Bank acquired a new stake in shares of Realty Income in the fourth quarter valued at about $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at about $553,572,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

O has been the subject of several recent analyst reports. Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Stifel Nicolaus upped their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Scotiabank upped their target price 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. Finally, BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Trading Up 0.4%

Shares of O traded up $0.21 during mid-day trading on Friday, reaching $56.04. The stock had a trading volume of 4,840,276 shares, compared to its average volume of 5,203,220. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The business's fifty day moving average is $56.13 and its 200 day moving average is $55.56. The firm has a market cap of $50.61 billion, a price-to-earnings ratio of 53.37, a P/E/G ratio of 2.10 and a beta of 0.76.

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

Realty Income Dividend Announcement

The company also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd. Realty Income's dividend payout ratio (DPR) is presently 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.