L & S Advisors Inc Takes Position in Realty Income Corporation (NYSE:O)

Key Points

• L & S Advisors Inc purchased 51,953 shares of Realty Income Corporation, valued at approximately $3,014,000, reflecting a continued investment interest in the REIT sector.
• Realty Income reported $1.06 earnings per share for the quarter, meeting analysts' expectations, with a revenue increase of 9.5% year-over-year.
• The company recently announced a dividend of $0.269 per share, with a dividend yield of 570.0%, highlighting its commitment to returning value to shareholders.

L & S Advisors Inc acquired a new position in Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,953 shares of the real estate investment trust's stock, valued at approximately $3,014,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of O. N.E.W. Advisory Services LLC increased its holdings in shares of Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after acquiring an additional 186 shares in the last quarter. Smith Moore & CO. lifted its holdings in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares during the last quarter. Kentucky Trust Co lifted its holdings in Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares during the last quarter. Finally, PSI Advisors LLC lifted its holdings in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on O shares. UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank lifted their price target on 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, Wedbush restated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Trading Up 1.6%

Shares of Realty Income stock traded up $0.90 on Monday, hitting $57.47. 5,227,274 shares of the company traded hands, compared to its average volume of 5,423,889. The stock's 50 day moving average price is $57.10 and its 200-day moving average price is $56.36. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a market cap of $51.90 billion, a PE ratio of 52.24, a PEG ratio of 3.97 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Realty Income's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts predict 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. Shareholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is presently 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.