Good Steward Wealth Advisors LLC Purchases New Shares in Realty Income Corporation (NYSE:O)

Good Steward Wealth Advisors LLC acquired a new stake in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,894 shares of the real estate investment trust's stock, valued at approximately $342,000.

A number of other large investors have also modified their holdings of O. Lee Danner & Bass Inc. purchased a new stake in Realty Income in the 4th quarter worth $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at about $29,000. PSI Advisors LLC grew its position in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on O. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target 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. UBS Group dropped their price target 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. Wedbush restated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Finally, Scotiabank lifted 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. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Up 0.0%

NYSE O opened at $57.55 on Friday. The business's fifty day simple moving average is $56.70 and its 200-day simple moving average is $55.57. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a market cap of $51.98 billion, a PE ratio of 52.32, a P/E/G ratio of 4.02 and a beta of 0.76. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. Realty Income's revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. As a group, 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 announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. This is a boost from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's dividend payout ratio (DPR) 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.

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