Pinnacle Financial Partners Inc Has $264,000 Stock Position in Realty Income Corporation (NYSE:O)

Pinnacle Financial Partners Inc grew its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 10,040.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,563 shares of the real estate investment trust's stock after acquiring an additional 4,518 shares during the period. Pinnacle Financial Partners Inc's holdings in Realty Income were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of O. Brighton Jones LLC increased its position in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 615 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Realty Income by 39.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,011 shares of the real estate investment trust's stock valued at $159,000 after purchasing an additional 856 shares during the period. SRS Capital Advisors Inc. grew its holdings in Realty Income by 23.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,479 shares of the real estate investment trust's stock worth $132,000 after buying an additional 467 shares in the last quarter. Modera Wealth Management LLC grew its stake in shares of Realty Income by 8.2% in the fourth quarter. Modera Wealth Management LLC now owns 4,904 shares of the real estate investment trust's stock worth $262,000 after purchasing an additional 372 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its position in Realty Income by 23.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,096 shares of the real estate investment trust's stock valued at $223,000 after buying an additional 785 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank upped 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 report on Monday, May 12th. UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Stifel Nicolaus boosted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Performance

Shares of Realty Income stock traded down $0.06 during trading on Friday, reaching $57.70. The company's stock had a trading volume of 2,942,493 shares, compared to its average volume of 5,242,274. 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's fifty day moving average price is $56.74 and its 200-day moving average price is $55.70. The firm has a market cap of $52.10 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of 4.04 and a beta of 0.75. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

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

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders 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. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's dividend payout ratio (DPR) is currently 293.64%.

About Realty Income

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.