Golden State Equity Partners Has $873,000 Position in Realty Income Corporation (NYSE:O)

Golden State Equity Partners decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 34.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,050 shares of the real estate investment trust's stock after selling 7,873 shares during the quarter. Golden State Equity Partners' holdings in Realty Income were worth $873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Realty Income by 0.4% during the fourth 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 stake in shares of Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after purchasing an additional 658,240 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Realty Income by 41.2% during 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. Norges Bank acquired a new stake in shares of Realty Income in the 4th quarter worth $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in Realty Income during the fourth quarter worth $553,572,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank upped 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 note on Monday, May 12th. Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Down 0.2%

O stock traded down $0.14 during trading on Friday, reaching $57.06. The stock had a trading volume of 5,308,085 shares, compared to its average volume of 5,240,688. The firm has a fifty day moving average price of $56.78 and a 200 day moving average price of $55.62. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $51.53 billion, a P/E ratio of 51.87, a PEG ratio of 4.00 and a beta of 0.76. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during 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 quarterly 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, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share 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 paid a dividend of $0.269 per share. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 5.6%. Realty Income's dividend payout ratio is 292.73%.

Realty Income 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.