Oppenheimer & Co. Inc. Raises Stock Holdings in Realty Income Corporation (NYSE:O)

Oppenheimer & Co. Inc. boosted its position in Realty Income Corporation (NYSE:O - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,170 shares of the real estate investment trust's stock after purchasing an additional 8,869 shares during the period. Oppenheimer & Co. Inc.'s holdings in Realty Income were worth $6,101,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Smith Moore & CO. lifted its position in shares of Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 201 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 218 shares in the last quarter. Kentucky Trust Co boosted its stake in Realty Income by 2.6% in the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares during the period. Howard Capital Management Inc. grew its holdings in Realty Income by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 229 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Realty Income by 1.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after buying an additional 241 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

O traded down $0.87 during midday trading on Wednesday, hitting $57.11. The stock had a trading volume of 8,456,638 shares, compared to its average volume of 5,239,805. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The business has a fifty day moving average of $56.80 and a 200 day moving average of $55.61. The company has a market cap of $51.57 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 4.08 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm's revenue was up 9.5% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. This is a boost from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is 292.73%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on O. Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Scotiabank upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock 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.