NewEdge Advisors LLC Buys 34,849 Shares of Realty Income Corporation $O

Key Points

• NewEdge Advisors LLC increased its holdings in Realty Income Corporation by 38.2%, acquiring an additional 34,849 shares, bringing total shares owned to 126,183 worth $7.32 million.
• Realty Income recently declared a monthly dividend of $0.269, with the ex-dividend date on September 2nd, representing an annualized yield of 5.5%.
• Wall Street analysts have mixed ratings for Realty Income, with a consensus target price of $62.00, reflecting a range of recent price objectives from various investment firms.

NewEdge Advisors LLC lifted its stake in Realty Income Corporation (NYSE:O - Free Report) by 38.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,183 shares of the real estate investment trust's stock after purchasing an additional 34,849 shares during the period. NewEdge Advisors LLC's holdings in Realty Income were worth $7,320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Nuveen LLC bought a new position in shares of Realty Income in the 1st quarter worth $207,573,000. Vanguard Group Inc. raised its stake in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the period. Centersquare Investment Management LLC raised its stake in Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after buying an additional 1,055,840 shares during the period. Raymond James Financial Inc. raised its stake in Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after buying an additional 992,303 shares during the period. Finally, GAMMA Investing LLC raised its stake in Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after buying an additional 694,983 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of several research analyst reports. Barclays raised their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Three research 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 currently has a consensus rating of "Hold" and a consensus target price of $62.00.

Realty Income Stock Performance

O opened at $59.22 on Monday. The business's 50-day moving average price is $57.72 and its two-hundred day moving average price is $56.98. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a market capitalization of $54.14 billion, a price-to-earnings ratio of 57.49, a P/E/G ratio of 4.53 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O - Get Free Report) last released 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). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned $1.07 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 5.5%. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio (DPR) is 313.59%.

Realty Income 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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