Per Stirling Capital Management LLC. Makes New $259,000 Investment in Realty Income Corporation $O

Key Points

• Per Stirling Capital Management LLC has made a new investment of $259,000 in Realty Income Corporation, acquiring 4,472 shares of the real estate investment trust.
• Realty Income recently announced a monthly dividend increase to $0.269, reflecting a yield of 5.5%, and the payment is scheduled for September 15th.
• The company reported Q2 earnings of $1.05 per share, missing the consensus estimate slightly, but noting a year-over-year revenue increase of 5.3% to $1.34 billion.

Per Stirling Capital Management LLC. purchased a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,472 shares of the real estate investment trust's stock, valued at approximately $259,000.

Several other large investors have also recently added to or reduced their stakes in O. N.E.W. Advisory Services LLC boosted its stake in Realty Income by 1.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after buying an additional 186 shares during the last quarter. Associated Banc Corp increased its stake in shares of Realty Income by 1.9% during the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after acquiring an additional 192 shares during the last quarter. Kentucky Trust Co lifted its holdings in shares of Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after acquiring an additional 225 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Realty Income by 1.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after acquiring an additional 241 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its position in shares of Realty Income by 0.7% in the first quarter. Alliance Wealth Advisors LLC UT now owns 36,915 shares of the real estate investment trust's stock worth $2,141,000 after acquiring an additional 247 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.0%

NYSE:O opened at $58.19 on Wednesday. The business's 50-day moving average is $57.58 and its two-hundred day moving average is $56.77. The firm has a market capitalization of $53.20 billion, a PE ratio of 56.49, a price-to-earnings-growth ratio of 4.45 and a beta of 0.76. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. 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 issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company 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 company earned $1.07 EPS. Realty Income's quarterly revenue was up 5.3% on a year-over-year basis. Research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal 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 given a $0.269 dividend. This represents a c) annualized dividend and a yield of 5.5%. This is a positive change from Realty Income's previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. Realty Income's dividend payout ratio is 313.59%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on O shares. 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 research report on Monday, May 12th. Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Stifel Nicolaus upped their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Barclays increased their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.82.

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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