7,241 Shares in Realty Income Corporation (NYSE:O) Acquired by Keynote Financial Services LLC

Key Points

• Keynote Financial Services LLC has acquired a new stake in Realty Income Corporation, purchasing 7,241 shares valued at approximately $420,000.
• Several hedge funds have increased their positions in Realty Income, with PSI Advisors LLC and FSC Wealth Advisors LLC raising their stakes by 78.3% and 288.0%, respectively.
• Realty Income announced a dividend of $0.269 per share to be paid on August 15, 2024, with a dividend yield of 570.0% and a payout ratio of 293.64%.

Keynote Financial Services LLC acquired a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,241 shares of the real estate investment trust's stock, valued at approximately $420,000.

Several other large investors have also made changes to their positions in O. Ontario Teachers Pension Plan Board boosted its stake in shares of Realty Income by 326.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,109 shares of the real estate investment trust's stock worth $1,109,000 after purchasing an additional 14,628 shares during the period. Deutsche Bank AG raised its holdings in shares of Realty Income by 28.7% in the 1st quarter. Deutsche Bank AG now owns 2,301,849 shares of the real estate investment trust's stock valued at $133,530,000 after purchasing an additional 512,886 shares in the last quarter. Roof Eidam Maycock Peralta LLC purchased a new stake in Realty Income during the first quarter worth $383,000. Chicago Partners Investment Group LLC boosted its position in Realty Income by 20.9% during the first quarter. Chicago Partners Investment Group LLC now owns 12,865 shares of the real estate investment trust's stock valued at $730,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Realty Income by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after buying an additional 123,501 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.4%

NYSE O traded up $0.24 on Thursday, reaching $57.15. The company had a trading volume of 5,053,716 shares, compared to its average volume of 5,386,898. 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 Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm has a 50-day moving average of $57.20 and a 200-day moving average of $56.41. The firm has a market capitalization of $51.61 billion, a PE ratio of 55.49, a P/E/G ratio of 3.99 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company 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. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is 293.64%.

Analyst Ratings Changes

A number of research analysts have weighed in on O shares. Wedbush reiterated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, UBS Group reduced their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Eight 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 currently has an average rating of "Hold" and an average target price of $61.36.

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.