Realty Income Corporation (NYSE:O) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in Realty Income Corporation (NYSE:O - Free Report) by 67.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,226 shares of the real estate investment trust's stock after purchasing an additional 17,783 shares during the quarter. Penserra Capital Management LLC's holdings in Realty Income were worth $2,563,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in Realty Income during the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income during the 4th quarter worth approximately $29,000. PSI Advisors LLC lifted its position in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares during the period. Millstone Evans Group LLC acquired a new stake in Realty Income during the 4th quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Realty Income during the 4th quarter worth approximately $34,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

NYSE O traded down $0.04 during mid-day trading on Tuesday, hitting $57.49. The stock had a trading volume of 3,966,526 shares, compared to its average volume of 5,242,423. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a market cap of $51.92 billion, a price-to-earnings ratio of 52.26, a P/E/G ratio of 4.04 and a beta of 0.75. The company has a 50 day simple moving average of $56.76 and a 200 day simple moving average of $55.81. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

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

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.269 per share. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

Wall Street Analyst Weigh In

O has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Scotiabank increased their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Mizuho increased their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $61.15.

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.