Kestra Private Wealth Services LLC Acquires 16,376 Shares of Realty Income Corporation (NYSE:O)

Kestra Private Wealth Services LLC grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,246 shares of the real estate investment trust's stock after purchasing an additional 16,376 shares during the period. Kestra Private Wealth Services LLC's holdings in Realty Income were worth $7,266,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new stake in Realty Income during the fourth quarter valued at about $28,000. PSI Advisors LLC raised its stake in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $34,000. Fourth Dimension Wealth LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $34,000. Finally, FSC Wealth Advisors LLC increased its stake in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on O shares. UBS Group reduced their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Scotiabank lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Stock Up 0.2%

NYSE:O opened at $56.47 on Friday. The firm has a market capitalization of $51.00 billion, a P/E ratio of 51.34, a PEG ratio of 3.96 and a beta of 0.75. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company's fifty day moving average price is $56.77 and its 200-day moving average price is $56.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74.

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

Realty Income Announces Dividend

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 paid a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is currently 293.64%.

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.

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