Great Lakes Advisors LLC Has $254,000 Stock Holdings in Realty Income Corporation $O

Great Lakes Advisors LLC lessened its stake in Realty Income Corporation (NYSE:O - Free Report) by 84.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,384 shares of the real estate investment trust's stock after selling 23,976 shares during the quarter. Great Lakes Advisors LLC's holdings in Realty Income were worth $254,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the 1st quarter worth $26,000. PSI Advisors LLC increased its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income during the 4th quarter worth $34,000. FSC Wealth Advisors LLC increased its stake in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Realty Income during the 4th quarter worth $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analysts Set New Price Targets

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

Realty Income Stock Performance

Shares of O opened at $60.43 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The firm's 50 day moving average price is $57.92 and its two-hundred day moving average price is $57.08. The firm has a market cap of $55.25 billion, a P/E ratio of 58.67, a PEG ratio of 4.60 and a beta of 0.77.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $1.07 EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

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.

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