Ieq Capital LLC Increases Position in Realty Income Corporation $O

Key Points

• Ieq Capital LLC increased its stake in Realty Income Corporation by 24.9%, bringing its total holdings to approximately $2.21 million after acquiring an additional 7,586 shares in the first quarter.
• Realty Income recently announced a dividend increase, now paying $0.269 per share, which reflects a 5.5% yield and is up from the previous monthly dividend of $0.26.
• Analyst ratings for Realty Income indicate a consensus rating of "Hold", with three analysts recommending a "Buy" and an average target price set at $62.00.

Ieq Capital LLC grew its stake in Realty Income Corporation (NYSE:O - Free Report) by 24.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,098 shares of the real estate investment trust's stock after purchasing an additional 7,586 shares during the period. Ieq Capital LLC's holdings in Realty Income were worth $2,210,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Keystone Global Partners LLC purchased a new stake in shares of Realty Income in the first quarter worth approximately $26,000. PSI Advisors LLC raised 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. FSC Wealth Advisors LLC raised its holdings in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $34,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $37,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O stock traded down $1.05 on Tuesday, hitting $57.71. The company had a trading volume of 5,434,811 shares, compared to its average volume of 5,539,032. The firm has a market cap of $52.77 billion, a P/E ratio of 56.03, a price-to-earnings-growth ratio of 4.49 and a beta of 0.77. The company has a 50-day moving average price of $57.65 and a 200-day moving average price of $56.90. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. 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 Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.269 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 5.6%. This is a boost from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wedbush restated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Finally, Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Realty Income has an average rating of "Hold" and an average price target of $62.00.

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.