Harrell Investment Partners LLC Has $4.13 Million Stock Position in Realty Income Corporation (NYSE:O)

Harrell Investment Partners LLC grew its position in Realty Income Corporation (NYSE:O - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,111 shares of the real estate investment trust's stock after buying an additional 4,428 shares during the quarter. Harrell Investment Partners LLC's holdings in Realty Income were worth $4,125,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income in the fourth quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Realty Income in the fourth quarter worth about $29,000. PSI Advisors LLC boosted its holdings 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 worth $33,000 after buying an additional 252 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $32,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $34,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of O opened at $57.55 on Thursday. The firm has a market cap of $51.98 billion, a PE ratio of 52.32, a PEG ratio of 4.02 and a beta of 0.76. The firm's 50 day moving average price is $56.63 and its 200 day moving average price is $55.57. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data 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. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This represents a yield of 5.6%. The ex-dividend date is Tuesday, July 1st. This is an increase from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 292.73%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on O. UBS Group reduced 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 report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Royal Bank Of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Mizuho increased their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $61.15.

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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