Ignite Planners LLC Grows Position in Realty Income Corporation (NYSE:O)

Ignite Planners LLC lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 620.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,179 shares of the real estate investment trust's stock after purchasing an additional 32,015 shares during the period. Ignite Planners LLC's holdings in Realty Income were worth $2,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in O. Lee Danner & Bass Inc. acquired a new position in Realty Income during the 4th quarter valued at approximately $28,000. PSI Advisors LLC increased 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 valued at $33,000 after buying an additional 252 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Realty Income in the 4th quarter worth about $34,000. Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter worth approximately $34,000. Finally, FSC Wealth Advisors LLC lifted its stake in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 2.6%

Shares of NYSE O traded up $1.47 during mid-day trading on Tuesday, reaching $57.86. 5,146,244 shares of the company were exchanged, compared to its average volume of 5,299,795. The firm has a 50-day moving average of $56.77 and a 200 day moving average of $56.06. The stock has a market cap of $52.25 billion, a price-to-earnings ratio of 52.60, a P/E/G ratio of 3.96 and a beta of 0.75. 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 Corporation has a 1 year low of $50.71 and a 1 year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business posted $1.03 EPS. The business's revenue was up 9.5% compared to the same quarter last year. On average, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio is presently 293.64%.

Wall Street Analyst Weigh In

O has been the subject of a number of recent research reports. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company 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.