Nuveen LLC Makes New $207.57 Million Investment in Realty Income Corporation (NYSE:O)

Key Points

• Nuveen LLC has invested approximately $207.57 million in Realty Income Corporation, purchasing over 3.5 million shares and holding about 0.40% of the company by the end of the reporting period.
• Realty Income's quarterly earnings revealed a missed estimate at $1.05 per share, slightly below the forecast of $1.06, despite a revenue increase of 5.3% year-over-year.
• The company recently announced a dividend of $0.269 per share, with a notable payout ratio of 313.59%, reflecting its commitment to returning value to shareholders.

Nuveen LLC acquired a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,578,225 shares of the real estate investment trust's stock, valued at approximately $207,573,000. Nuveen LLC owned approximately 0.40% of Realty Income as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of O. PSI Advisors LLC raised its stake in shares of Realty Income by 78.3% in 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 during the last quarter. Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter worth approximately $34,000. FSC Wealth Advisors LLC raised its position in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Realty Income during the 4th quarter valued at approximately $37,000. Finally, CVA Family Office LLC lifted its stake in Realty Income by 52.8% during the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 272 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

O has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wedbush reaffirmed a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group dropped their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Scotiabank raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Eight equities research 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, the stock presently has an average rating of "Hold" and an average target price of $61.36.

Realty Income Stock Up 0.5%

Shares of Realty Income stock traded up $0.30 on Tuesday, reaching $57.69. 4,143,082 shares of the company were exchanged, compared to its average volume of 4,872,196. The stock's 50 day moving average price is $57.26 and its 200-day moving average price is $56.49. 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 Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a market cap of $52.75 billion, a P/E ratio of 56.01, a price-to-earnings-growth ratio of 4.04 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.269 per share. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is currently 312.62%.

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.