Liberty One Investment Management LLC Purchases 8,683 Shares of Realty Income Corporation (NYSE:O)

Liberty One Investment Management LLC grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,176 shares of the real estate investment trust's stock after purchasing an additional 8,683 shares during the period. Liberty One Investment Management LLC's holdings in Realty Income were worth $4,999,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Smith Moore & CO. grew its position in shares of 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 valued at $237,000 after purchasing an additional 201 shares in the last quarter. Kentucky Trust Co grew its position in shares of 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 valued at $524,000 after purchasing an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of 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 valued at $675,000 after purchasing an additional 241 shares in the last quarter. PSI Advisors LLC grew its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its position in Realty Income by 2.7% in the fourth quarter. Buckley Wealth Management LLC now owns 9,708 shares of the real estate investment trust's stock worth $519,000 after acquiring an additional 258 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on O shares. JPMorgan Chase & Co. cut their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. UBS Group cut their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Up 0.4%

NYSE O traded up $0.21 during trading on Friday, hitting $57.14. 4,626,855 shares of the company's stock traded hands, compared to its average volume of 5,253,840. The stock has a fifty day moving average of $56.74 and a two-hundred day moving average of $55.88. 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 12-month low of $50.71 and a 12-month high of $64.88. The firm has a market cap of $51.60 billion, a P/E ratio of 51.95, a PEG ratio of 3.98 and a beta of 0.75.

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

Realty Income Dividend Announcement

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