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

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

Several other institutional investors also recently modified their holdings of the stock. Lee Danner & Bass Inc. purchased a new position in Realty Income during the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income during the 4th quarter worth approximately $29,000. PSI Advisors LLC grew 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 purchasing an additional 252 shares in the last quarter. FSC Wealth Advisors LLC grew its position in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Realty Income during the 4th quarter worth approximately $34,000. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho upped their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Price Performance

NYSE:O traded up $0.05 during mid-day trading on Thursday, hitting $56.97. The company's stock had a trading volume of 5,412,342 shares, compared to its average volume of 5,251,028. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. 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 $51.45 billion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 4.02 and a beta of 0.75. The stock has a fifty day moving average of $56.74 and a 200-day moving average of $55.82.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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