Planning Directions Inc. Invests $392,000 in Realty Income Corporation (NYSE:O)

Planning Directions Inc. bought a new position in Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,753 shares of the real estate investment trust's stock, valued at approximately $392,000.

A number of other large investors have also added to or reduced their stakes in O. Smith Moore & CO. boosted its stake in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares during the period. Kentucky Trust Co increased its holdings in Realty Income by 2.6% during the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after buying an additional 225 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares during the last quarter. PSI Advisors LLC boosted its holdings in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares in the last quarter. Finally, Buckley Wealth Management LLC increased its position in shares of Realty Income by 2.7% during the fourth quarter. Buckley Wealth Management LLC now owns 9,708 shares of the real estate investment trust's stock worth $519,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Down 0.1%

Shares of NYSE O traded down $0.04 during midday trading on Tuesday, reaching $57.49. 3,966,897 shares of the stock were exchanged, compared to its average volume of 5,242,009. The stock has a 50 day moving average price of $56.76 and a 200-day moving average price of $55.81. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $51.92 billion, a P/E ratio of 52.26, a P/E/G ratio of 4.03 and a beta of 0.75. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. 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 previous year, the business earned $1.03 EPS. The firm's revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on O shares. Stifel Nicolaus upped their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Wedbush reissued a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank increased their target price on 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 cut their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.