Planning Directions Inc. Purchases New Position in Realty Income Corporation (NYSE:O)

Planning Directions Inc. acquired a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,753 shares of the real estate investment trust's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. Brighton Jones LLC grew its position in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after purchasing an additional 615 shares in the last quarter. Assetmark Inc. grew its position in Realty Income by 14.6% in the fourth quarter. Assetmark Inc. now owns 63,929 shares of the real estate investment trust's stock valued at $3,414,000 after purchasing an additional 8,127 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Realty Income in the fourth quarter valued at $5,442,000. Cullen Frost Bankers Inc. grew its position in Realty Income by 3.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 10,888 shares of the real estate investment trust's stock valued at $582,000 after purchasing an additional 377 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in Realty Income in the fourth quarter valued at $204,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Scotiabank lifted their price objective 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. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Stock Performance

Shares of NYSE O traded down $0.51 during mid-day trading on Wednesday, reaching $56.98. 5,702,729 shares of the company were exchanged, compared to its average volume of 5,250,379. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The company's 50-day simple moving average is $56.74 and its 200-day simple moving average is $55.82. The stock has a market capitalization of $51.46 billion, a P/E ratio of 51.80, a P/E/G ratio of 4.02 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data 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 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 business's revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's payout ratio is presently 293.64%.

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.