Parallax Volatility Advisers L.P. Invests $1.01 Million in Realty Income Corporation $O

Key Points

• Parallax Volatility Advisers L.P. invested $1.01 million in Realty Income Corporation during the first quarter, acquiring 17,331 shares valued at approximately $1,005,000.
• Realty Income announced an increase in its monthly dividend to $0.269 per share, representing an annualized yield of 5.5%, with the dividend payout ratio at 313.59%.
• The company reported earnings of $1.05 EPS for the last quarter, slightly missing analysts' expectations, although its revenue increased by 5.3% year-over-year, totaling $1.34 billion.

Parallax Volatility Advisers L.P. purchased a new position in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,331 shares of the real estate investment trust's stock, valued at approximately $1,005,000.

Several other large investors also recently modified their holdings of the business. Nuveen LLC bought a new stake in Realty Income during the 1st quarter valued at approximately $207,573,000. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $8,267,084,000 after purchasing an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after acquiring an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. raised its position in Realty Income by 9.6% in 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 purchasing an additional 992,303 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Realty Income by 6,002.1% during the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after acquiring an additional 694,983 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

O traded up $0.38 on Tuesday, reaching $59.48. The stock had a trading volume of 4,072,212 shares, compared to its average volume of 5,511,683. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The business's 50-day moving average price is $57.75 and its two-hundred day moving average price is $56.99. The company has a market cap of $54.38 billion, a P/E ratio of 57.75, a price-to-earnings-growth ratio of 4.53 and a beta of 0.77.

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 for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.33 billion. During the same period in the previous year, the firm posted $1.07 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.269 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio is presently 312.62%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group lifted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Barclays lifted their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.00.

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.