Hoxton Planning & Management LLC Takes $312,000 Position in Realty Income Corporation (NYSE:O)

Key Points

• Hoxton Planning & Management LLC has acquired a new position in Realty Income Corporation, purchasing 5,370 shares valued at approximately $312,000.
• Realty Income reported $1.06 earnings per share for the last quarter, meeting analysts' expectations, with a quarterly revenue of $1.31 billion.
• The company will pay a dividend of $0.269 per share on August 15th, with a payout ratio of 293.64%.

Hoxton Planning & Management LLC acquired a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,370 shares of the real estate investment trust's stock, valued at approximately $312,000.

A number of other large investors also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Realty Income by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock valued at $230,663,000 after acquiring an additional 110,694 shares in the last quarter. Royal Bank of Canada increased its holdings in Realty Income by 6.5% during the 4th quarter. Royal Bank of Canada now owns 3,174,507 shares of the real estate investment trust's stock valued at $169,551,000 after acquiring an additional 193,013 shares in the last quarter. Lasalle Investment Management Securities LLC increased its holdings in Realty Income by 8.6% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 2,432,712 shares of the real estate investment trust's stock valued at $129,931,000 after acquiring an additional 192,749 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Realty Income by 29.6% during the 1st quarter. Federated Hermes Inc. now owns 2,359,129 shares of the real estate investment trust's stock valued at $136,853,000 after acquiring an additional 538,999 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 0.7%

Shares of O traded up $0.41 during mid-day trading on Friday, reaching $56.54. 7,979,999 shares of the stock traded hands, compared to its average volume of 5,024,796. The firm has a market cap of $51.06 billion, a price-to-earnings ratio of 51.40, a P/E/G ratio of 3.97 and a beta of 0.76. The stock has a fifty day simple moving average of $57.10 and a 200 day simple moving average of $56.33. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is 293.64%.

Analysts Set New Price Targets

O has been the topic of several analyst reports. UBS Group decreased their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Stifel Nicolaus raised their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average 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.