JBR Co Financial Management Inc Acquires 6,216 Shares of Realty Income Corporation (NYSE:O)

JBR Co Financial Management Inc increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 35.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,565 shares of the real estate investment trust's stock after purchasing an additional 6,216 shares during the quarter. JBR Co Financial Management Inc's holdings in Realty Income were worth $1,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smith Moore & CO. lifted its position in Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 201 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after buying an additional 218 shares during the last quarter. Howard Capital Management Inc. lifted its position in Realty Income by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock worth $238,000 after buying an additional 229 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Realty Income by 1.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after buying an additional 241 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its position in Realty Income by 2.7% during the fourth quarter. Buckley Wealth Management LLC now owns 9,708 shares of the real estate investment trust's stock valued at $519,000 after acquiring an additional 258 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.2%

Shares of NYSE:O opened at $57.52 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $56.56 and a two-hundred day simple moving average of $55.55. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The stock has a market capitalization of $51.94 billion, a price-to-earnings ratio of 52.29, a PEG ratio of 4.01 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company's revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. On average, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.269 dividend. The ex-dividend date is Tuesday, July 1st. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. Realty Income's payout ratio is currently 292.73%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on O shares. UBS Group lowered 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. Mizuho increased their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price target 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. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Finally, Royal Bank Of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.

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