Natixis Advisors LLC Acquires 115,359 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Natixis Advisors LLC has increased its holdings in Realty Income Corporation by 32.3%, owning approximately 0.05% of the company's stock valued at nearly $27.4 million.
• Realty Income reported $1.06 earnings per share for the last quarter, meeting analyst estimates, with a 9.5% year-over-year increase in quarterly revenue.
• Analysts have varying ratings on Realty Income, with a consensus of "Hold" and an average target price of $61.15 following several adjustments in target prices by different firms.

Natixis Advisors LLC boosted its position in Realty Income Corporation (NYSE:O - Free Report) by 32.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,998 shares of the real estate investment trust's stock after purchasing an additional 115,359 shares during the period. Natixis Advisors LLC owned about 0.05% of Realty Income worth $27,439,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. PSI Advisors LLC lifted its stake in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares in the last quarter. FSC Wealth Advisors LLC lifted its stake in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income during the fourth quarter worth about $34,000. Orion Capital Management LLC acquired a new position in shares of Realty Income during the fourth quarter worth about $37,000. Finally, CVA Family Office LLC lifted its stake in shares of Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.1%

NYSE:O traded down $0.05 during trading hours on Tuesday, reaching $57.40. The company's stock had a trading volume of 2,382,284 shares, compared to its average volume of 5,562,105. The company has a market cap of $51.84 billion, a price-to-earnings ratio of 52.18, a price-to-earnings-growth ratio of 3.97 and a beta of 0.76. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The business's 50-day moving average is $57.14 and its 200-day moving average is $56.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

Analysts Set New Price Targets

Several analysts recently weighed in on O shares. UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $61.15.

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.