MBB Public Markets I LLC Invests $345,000 in Realty Income Corporation $O

Key Points

• MBB Public Markets I LLC has acquired a new position in Realty Income Corporation, investing approximately $345,000 for 5,940 shares in the first quarter.
• Realty Income reported $1.05 EPS for the last quarter, slightly missing the consensus estimate of $1.06, while achieving $1.34 billion in revenue.
• The company has declared an increase in its monthly dividend to $0.269 per share, representing a yield of 5.5%, with an upcoming payment date on September 15th.

MBB Public Markets I LLC acquired a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,940 shares of the real estate investment trust's stock, valued at approximately $345,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norinchukin Bank The increased its holdings in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock valued at $4,929,000 after purchasing an additional 7,497 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Community Bank of Raymore increased its holdings in shares of Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after purchasing an additional 24,467 shares in the last quarter. Venture Visionary Partners LLC grew its holdings in Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock worth $8,266,000 after acquiring an additional 8,297 shares during the period. Finally, Invesco Ltd. grew its holdings in Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after acquiring an additional 48,024 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Up 1.6%

O opened at $59.22 on Monday. The stock has a market capitalization of $54.14 billion, a P/E ratio of 57.49, a P/E/G ratio of 4.53 and a beta of 0.77. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm's fifty day simple moving average is $57.72 and its 200 day simple moving average is $56.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.269 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on O. Scotiabank lifted their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. UBS Group lifted their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays lifted their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.00.

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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