Integrated Investment Consultants LLC Makes New Investment in Realty Income Corporation (NYSE:O)

Key Points

• Integrated Investment Consultants LLC has acquired a new stake in Realty Income Corporation, purchasing 6,519 shares valued at approximately $378,000 in the first quarter.
• Realty Income recently reported $1.06 EPS for the quarter, matching the consensus estimate, with a revenue increase of 9.5% year-over-year.
• The company will pay a $0.269 per share dividend on August 15th, representing a yield of 5.7%, with the ex-dividend date set for August 1st.

Integrated Investment Consultants LLC purchased a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,519 shares of the real estate investment trust's stock, valued at approximately $378,000.

Several other institutional investors have also recently added to or reduced their stakes in O. Norges Bank bought a new position in shares of Realty Income in the fourth quarter worth about $624,666,000. Northern Trust Corp raised its stake in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Realty Income by 26.7% in the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after acquiring an additional 811,037 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Realty Income by 6,002.1% in the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after acquiring an additional 694,983 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

NYSE O traded up $0.02 on Wednesday, hitting $57.38. 1,170,719 shares of the stock were exchanged, compared to its average volume of 5,537,760. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The business's fifty day moving average is $57.03 and its 200 day moving average is $56.28. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a market capitalization of $51.81 billion, a PE ratio of 52.15, a P/E/G ratio of 3.99 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 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 for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

Analysts Set New Price Targets

O has been the subject of several analyst reports. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. UBS Group decreased their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $61.15.

Realty Income Company 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.