Realty Income Co. (NYSE:O) is Gilman Hill Asset Management LLC's 6th Largest Position

Gilman Hill Asset Management LLC boosted its stake in Realty Income Co. (NYSE:O - Free Report) by 4,164.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,984 shares of the real estate investment trust's stock after acquiring an additional 178,693 shares during the period. Realty Income accounts for about 1.8% of Gilman Hill Asset Management LLC's holdings, making the stock its 6th biggest position. Gilman Hill Asset Management LLC's holdings in Realty Income were worth $10,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Realty Income in the fourth quarter valued at $624,666,000. Raymond James Financial Inc. acquired a new stake in Realty Income during the fourth quarter worth about $553,572,000. Northern Trust Corp increased its holdings in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the period. California Public Employees Retirement System increased its holdings in shares of Realty Income by 26.7% during the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Realty Income by 6,002.1% during the first 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. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

O traded up $0.21 during trading on Friday, hitting $56.04. The stock had a trading volume of 4,840,276 shares, compared to its average volume of 5,190,878. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50 day moving average price of $56.15 and a 200-day moving average price of $55.59. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. 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 0.78.

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, meeting analysts' consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. Realty Income's quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm 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 payout ratio is currently 292.73%.

Wall Street Analyst Weigh In

O has been the topic of a number of recent analyst reports. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Stifel Nicolaus increased their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. 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. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Finally, UBS Group dropped their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.