Kovitz Investment Group Partners LLC Acquires 8,550 Shares of Realty Income Corporation (NYSE:O)

Kovitz Investment Group Partners LLC increased its holdings in Realty Income Corporation (NYSE:O - Free Report) by 10.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,668 shares of the real estate investment trust's stock after buying an additional 8,550 shares during the period. Kovitz Investment Group Partners LLC's holdings in Realty Income were worth $5,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of O. 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. Fourth Dimension Wealth LLC bought a new position in Realty Income in the fourth quarter worth approximately $34,000. FSC Wealth Advisors LLC raised its stake in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares in the last quarter. Orion Capital Management LLC bought a new position in Realty Income in the fourth quarter worth approximately $37,000. Finally, CVA Family Office LLC raised its stake in Realty Income by 52.8% in the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after buying an additional 272 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on O shares. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. UBS Group lifted their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target 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. Eight 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, Realty Income has an average rating of "Hold" and a consensus target price of $61.73.

Realty Income Price Performance

Shares of O opened at $58.40 on Friday. The firm has a market capitalization of $53.40 billion, a PE ratio of 56.70, a price-to-earnings-growth ratio of 4.47 and a beta of 0.76. The company's fifty day moving average price is $57.39 and its 200-day moving average price is $56.55. 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 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. On average, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $0.269 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. Realty Income's payout ratio is currently 313.59%.

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.

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