New Age Alpha Advisors LLC Increases Holdings in Realty Income Corporation (NYSE:O)

New Age Alpha Advisors LLC raised its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 49.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 232,286 shares of the real estate investment trust's stock after acquiring an additional 77,041 shares during the quarter. Realty Income makes up 0.6% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 18th biggest holding. New Age Alpha Advisors LLC's holdings in Realty Income were worth $13,475,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in 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 during the period. Employees Retirement System of Texas increased its position in Realty Income by 19.0% in the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after acquiring an additional 78,000 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Realty Income by 21.2% during the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after purchasing an additional 19,527 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Realty Income in the 1st quarter worth $1,470,000. Finally, Renaissance Technologies LLC boosted its holdings in Realty Income by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after purchasing an additional 127,300 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 1.6%

Shares of O stock opened at $57.47 on Tuesday. The company has a market capitalization of $51.90 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 3.97 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $57.14 and a 200 day moving average price of $56.38. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

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

Realty Income Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a yield of 570.0%. Realty Income's payout ratio is 293.64%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on O. Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Scotiabank boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. UBS Group cut their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $61.15.

About Realty Income

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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