LPL Financial LLC Grows Stock Position in Realty Income Corporation (NYSE:O)

Key Points

• LPL Financial LLC increased its stake in Realty Income Corporation by 4.0%, owning approximately 2.17 million shares valued at $126 million after acquiring an additional 83,204 shares in the first quarter.
• Realty Income recently announced a dividend of $0.269 per share, payable on August 15, reflecting a yield of 5.7% and a payout ratio of 293.64%.
• The company reported a net revenue of $1.31 billion for the quarter, exceeding estimates, with an earnings per share (EPS) of $1.06, matching consensus expectations.

LPL Financial LLC grew its position in Realty Income Corporation (NYSE:O - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,173,539 shares of the real estate investment trust's stock after acquiring an additional 83,204 shares during the quarter. LPL Financial LLC owned about 0.24% of Realty Income worth $126,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smith Moore & CO. increased its holdings in shares of Realty Income by 4.8% in the fourth 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 during the last quarter. Kentucky Trust Co increased its holdings in shares of Realty Income by 2.6% in the first 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 during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Realty Income by 1.9% in the fourth 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 during the last quarter. PSI Advisors LLC increased its holdings in shares of Realty Income by 78.3% in the first 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 during the last quarter. Finally, First Bank & Trust increased its holdings in shares of Realty Income by 0.8% in the first quarter. First Bank & Trust now owns 34,633 shares of the real estate investment trust's stock valued at $2,009,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on O. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. UBS Group cut their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Trading Down 1.8%

O opened at $56.88 on Tuesday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The business has a fifty day simple moving average of $57.00 and a 200-day simple moving average of $56.27. The firm has a market cap of $51.37 billion, a P/E ratio of 51.71, a P/E/G ratio of 4.06 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.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting 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 analyst estimates of $1.28 billion. During the same period last year, the business posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. On average, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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

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