MSH Capital Advisors LLC Has $2.66 Million Position in Realty Income Corporation (NYSE:O)

Key Points

• MSH Capital Advisors LLC increased its shareholding in Realty Income Corporation by 121.1% in Q1, now owning 45,830 shares worth approximately $2.66 million.
• Several analysts have set new price targets for Realty Income, with the current consensus rating being "Hold" and a consensus price target of $61.36.
• The company recently announced a dividend of $0.269 per share, resulting in a dividend yield of 570.0% and a dividend payout ratio of 312.62%.

MSH Capital Advisors LLC lifted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 121.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 45,830 shares of the real estate investment trust's stock after buying an additional 25,101 shares during the quarter. MSH Capital Advisors LLC's holdings in Realty Income were worth $2,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of O. Brighton Jones LLC raised its stake in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Bessemer Group Inc. raised its stake in Realty Income by 10.1% in the 4th quarter. Bessemer Group Inc. now owns 7,671 shares of the real estate investment trust's stock worth $410,000 after purchasing an additional 702 shares in the last quarter. CreativeOne Wealth LLC raised its stake in Realty Income by 20.3% in the 4th quarter. CreativeOne Wealth LLC now owns 35,528 shares of the real estate investment trust's stock worth $1,898,000 after purchasing an additional 5,999 shares in the last quarter. LaSalle St. Investment Advisors LLC raised its stake in Realty Income by 120.2% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 9,401 shares of the real estate investment trust's stock worth $502,000 after purchasing an additional 5,132 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Realty Income in the 4th quarter valued at about $551,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on O. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Scotiabank boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. dropped 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. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.36.

Realty Income Price Performance

Shares of Realty Income stock traded up $0.28 during midday trading on Wednesday, hitting $57.94. 4,658,898 shares of the company traded hands, compared to its average volume of 4,689,639. The stock has a market cap of $52.98 billion, a price-to-earnings ratio of 56.25, a PEG ratio of 4.58 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm's fifty day moving average price is $57.30 and its 200-day moving average price is $56.50. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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 for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. As a group, sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. This represents a yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's payout ratio is presently 313.59%.

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.