J.W. Cole Advisors Inc. Buys 100,268 Shares of Realty Income Corporation (NYSE:O)

J.W. Cole Advisors Inc. raised its stake in Realty Income Corporation (NYSE:O - Free Report) by 1,278.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 108,113 shares of the real estate investment trust's stock after buying an additional 100,268 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Realty Income were worth $6,272,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new position in Realty Income in the 4th quarter valued at $28,000. PSI Advisors LLC grew its stake in Realty Income by 78.3% in the 1st 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 during the last quarter. Millstone Evans Group LLC acquired a new position in Realty Income in the 4th quarter valued at $34,000. Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter valued at $34,000. Finally, FSC Wealth Advisors LLC grew its position 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 purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on O shares. Scotiabank raised 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. JPMorgan Chase & Co. decreased their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. UBS Group decreased their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Wedbush reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

Shares of NYSE:O traded down $0.10 during trading on Monday, reaching $56.37. The stock had a trading volume of 3,715,111 shares, compared to its average volume of 5,295,172. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The business's 50-day moving average price is $56.77 and its 200 day moving average price is $56.06. 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 stock has a market capitalization of $50.90 billion, a PE ratio of 51.24, a P/E/G ratio of 3.96 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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. 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 quarter last year, the company posted $1.03 EPS. The company's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

About Realty Income

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.