Knights of Columbus Asset Advisors LLC Makes New Investment in Realty Income Corporation (NYSE:O)

Key Points

• Knights of Columbus Asset Advisors LLC invested approximately $8.61 million in Realty Income Corporation, purchasing 148,348 shares of the real estate investment trust.
• Realty Income recently reported a quarterly earnings beat, with $1.06 EPS and revenues of $1.31 billion, exceeding analysts' expectations.
• The company declared a $0.269 dividend with a yield of 5.7%, scheduled for payment on August 15th, and has a payout ratio of 292.73%.

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 148,348 shares of the real estate investment trust's stock, valued at approximately $8,606,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Congress Wealth Management LLC DE lifted its holdings in Realty Income by 2.1% in the 4th quarter. Congress Wealth Management LLC DE now owns 13,750 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 282 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in Realty Income by 19.2% in the 4th quarter. Modern Wealth Management LLC now owns 14,366 shares of the real estate investment trust's stock worth $775,000 after purchasing an additional 2,316 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Realty Income by 5.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 438,387 shares of the real estate investment trust's stock worth $23,414,000 after purchasing an additional 23,795 shares in the last quarter. Finally, Financial Counselors Inc. lifted its holdings in Realty Income by 41.3% in the 4th quarter. Financial Counselors Inc. now owns 5,672 shares of the real estate investment trust's stock worth $303,000 after purchasing an additional 1,659 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.2%

Shares of NYSE:O traded down $0.12 on Friday, hitting $57.90. 4,435,850 shares of the company's stock were exchanged, compared to its average volume of 5,066,471. The firm's 50-day moving average is $56.99 and its 200 day moving average is $56.18. The company has a market capitalization of $52.29 billion, a PE ratio of 52.64, a P/E/G ratio of 4.07 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 has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders 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 of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is presently 293.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. UBS Group lowered their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their target price 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. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.