Liberty One Investment Management LLC Has $5 Million Stock Holdings in Realty Income Corporation (NYSE:O)

Liberty One Investment Management LLC raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 11.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,176 shares of the real estate investment trust's stock after acquiring an additional 8,683 shares during the quarter. 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 institutional investors have also recently added to or reduced their stakes in O. Norges Bank acquired a new position in Realty Income during the 4th quarter valued at $624,666,000. Northern Trust Corp raised its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System raised its stake in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares during the last quarter. GAMMA Investing LLC raised its stake in Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after purchasing an additional 694,983 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on O. Wedbush reiterated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group dropped their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note 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 research note on Monday, May 12th. 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 research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $61.15.

Realty Income Stock Down 0.3%

Shares of NYSE:O opened at $57.50 on Tuesday. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company's 50-day moving average price is $56.76 and its two-hundred day moving average price is $55.81. 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 market cap of $51.93 billion, a P/E ratio of 52.27, a P/E/G ratio of 4.04 and a beta of 0.75.

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. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.269 dividend. This represents a dividend yield of 5.6%. The ex-dividend date is Tuesday, July 1st. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 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.

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