PNC Financial Services Group Inc. Has $8.61 Million Stock Holdings in Realty Income Corporation (NYSE:O)

Key Points

• PNC Financial Services Group Inc. increased its holdings in Realty Income Corporation by 12.7%, now owning 148,467 shares valued at approximately $8.61 million.
• Realty Income reported $1.06 earnings per share for the last quarter, exceeding analyst expectations and showing a 9.5% revenue increase year-over-year, totaling $1.31 billion.
• The company plans to pay a dividend of $0.269 per share on August 15th, with a noted yield of 570.0% despite a high dividend payout ratio of 293.64%.

PNC Financial Services Group Inc. boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 12.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,467 shares of the real estate investment trust's stock after buying an additional 16,756 shares during the period. PNC Financial Services Group Inc.'s holdings in Realty Income were worth $8,613,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. PSI Advisors LLC raised its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income in the 4th quarter worth approximately $34,000. FSC Wealth Advisors LLC raised its holdings in shares of Realty Income by 288.0% in 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. Orion Capital Management LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC boosted its holdings in Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Up 0.4%

Shares of NYSE O traded up $0.24 during mid-day trading on Thursday, reaching $57.15. The company had a trading volume of 5,053,716 shares, compared to its average volume of 5,386,898. 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 company has a market capitalization of $51.61 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 3.99 and a beta of 0.76. The stock has a fifty day moving average of $57.20 and a two-hundred day moving average of $56.41. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% 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 quarter in the previous year, the company earned $1.07 EPS. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Realty Income Corporation will post 4.19 EPS 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. Shareholders of record on Friday, August 1st will be paid a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a yield of 570.0%. Realty Income's payout ratio is 293.64%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on O shares. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Scotiabank boosted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. UBS Group reduced their price objective on shares of 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, Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $61.36.

Realty Income Company 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.