Larson Financial Group LLC Has $317,000 Holdings in Realty Income Corporation (NYSE:O)

Larson Financial Group LLC lessened its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 48.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,456 shares of the real estate investment trust's stock after selling 5,185 shares during the period. Larson Financial Group LLC's holdings in Realty Income were worth $317,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in shares of Realty Income during the 4th quarter worth approximately $28,000. PSI Advisors LLC grew its holdings in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC lifted its position in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Realty Income in the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on O. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday. Stifel Nicolaus increased their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. UBS Group cut their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Wedbush restated a "neutral" rating and issued a $61.00 price target 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Up 0.2%

NYSE O traded up $0.11 during trading on Friday, hitting $56.47. The stock had a trading volume of 4,155,974 shares, compared to its average volume of 5,301,511. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a market capitalization of $51.00 billion, a PE ratio of 51.34, a PEG ratio of 3.96 and a beta of 0.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $56.77 and a 200 day moving average price of $56.02.

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

Realty Income Dividend Announcement

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.269 per share. This represents a yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is presently 293.64%.

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.