Keyes Stange & Wooten Wealth Management LLC increased its position in Realty Income Corporation (NYSE:O - Free Report) by 95.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,319 shares of the real estate investment trust's stock after buying an additional 5,031 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC's holdings in Realty Income were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Employees Retirement System of Texas increased its position in Realty Income by 19.0% during the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares during the period. Sterling Capital Management LLC increased its position in Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after purchasing an additional 19,527 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Realty Income during the 1st quarter valued at $1,470,000. Renaissance Technologies LLC increased its position in Realty Income by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after purchasing an additional 127,300 shares during the period. Finally, Bridgewater Advisors Inc. purchased a new position in Realty Income during the 1st quarter valued at $257,000. 70.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
O has been the topic of a number of research analyst reports. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho boosted their target price 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. UBS Group dropped their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $61.15.
Check Out Our Latest Stock Analysis on Realty Income
Realty Income Stock Up 0.2%
Realty Income stock traded up $0.11 during mid-day trading on Friday, reaching $56.47. The stock had a trading volume of 4,155,974 shares, compared to its average volume of 5,301,511. The company has a market capitalization of $51.00 billion, a price-to-earnings ratio of 51.34, a PEG ratio of 3.96 and a beta of 0.75. The company has a 50-day moving average price of $56.77 and a two-hundred day moving average price of $56.03. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. 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 announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. Realty Income's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. On average, analysts expect 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. Stockholders 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 of this dividend is Friday, August 1st. Realty Income's payout ratio is currently 293.64%.
About Realty Income
(
Free Report)
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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