Manning & Napier Advisors LLC Acquires Shares of 75,000 Realty Income Corporation (NYSE:O)

Manning & Napier Advisors LLC purchased a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 75,000 shares of the real estate investment trust's stock, valued at approximately $4,351,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income during the 4th quarter valued at $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income during the fourth quarter worth about $29,000. PSI Advisors LLC raised its holdings in Realty Income by 78.3% in the 1st 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 boosted its position in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in Realty Income during the 4th quarter worth approximately $34,000. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on O shares. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Scotiabank upped their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Royal Bank Of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, UBS Group lowered 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 note on Tuesday, May 13th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Stock Down 0.7%

O stock traded down $0.41 during trading on Tuesday, reaching $57.96. 5,385,482 shares of the stock were exchanged, compared to its average volume of 5,226,924. The firm has a market cap of $52.34 billion, a P/E ratio of 52.69, a price-to-earnings-growth ratio of 4.08 and a beta of 0.76. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The firm's 50 day moving average is $56.79 and its 200 day moving average is $55.59. 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 (NYSE:O - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. The company 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 firm's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. As a group, research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.269 dividend. This represents a yield of 5.6%. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. Realty Income's dividend payout ratio is presently 292.73%.

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.