Ignite Planners LLC Has $2.13 Million Position in Realty Income Corporation (NYSE:O)

Ignite Planners LLC increased 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 disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after acquiring an additional 615 shares during the period. Teacher Retirement System of Texas grew its position in Realty Income by 781.1% in the fourth quarter. Teacher Retirement System of Texas now owns 51,369 shares of the real estate investment trust's stock valued at $2,744,000 after acquiring an additional 45,539 shares during the period. Lee Danner & Bass Inc. bought a new stake in Realty Income in the fourth quarter valued at $28,000. Millstone Evans Group LLC bought a new stake in shares of Realty Income during the fourth quarter worth $34,000. Finally, Virtu Financial LLC bought a new stake in shares of Realty Income during the fourth quarter worth $945,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

O has been the topic of several analyst reports. UBS Group cut their target price on 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 increased their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Scotiabank increased their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Up 0.6%

O traded up $0.34 during trading on Thursday, hitting $58.22. The company had a trading volume of 2,128,278 shares, compared to its average volume of 5,580,842. The firm's 50-day moving average price is $56.90 and its 200 day moving average price is $56.10. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a market capitalization of $52.57 billion, a PE ratio of 52.89, a PEG ratio of 4.06 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 (NYSE:O - Get Free Report) last announced its earnings results 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. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business 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 EPS. Realty Income's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

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.