Prairiewood Capital LLC Acquires 10,748 Shares of Realty Income Corporation (NYSE:O)

Prairiewood Capital LLC raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,633 shares of the real estate investment trust's stock after purchasing an additional 10,748 shares during the quarter. Realty Income makes up about 1.9% of Prairiewood Capital LLC's investment portfolio, making the stock its 16th largest position. Prairiewood Capital LLC's holdings in Realty Income were worth $4,736,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Jacobsen Capital Management lifted its holdings in Realty Income by 6.7% during the first quarter. Jacobsen Capital Management now owns 4,322 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 270 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Realty Income by 1.5% during the 1st quarter. Ameritas Advisory Services LLC now owns 26,998 shares of the real estate investment trust's stock valued at $1,459,000 after purchasing an additional 399 shares in the last quarter. Amalgamated Bank increased its stake in Realty Income by 1.6% during the 1st quarter. Amalgamated Bank now owns 169,493 shares of the real estate investment trust's stock worth $9,832,000 after purchasing an additional 2,676 shares in the last quarter. Citizens National Bank Trust Department raised its holdings in Realty Income by 12.2% during the 1st quarter. Citizens National Bank Trust Department now owns 6,903 shares of the real estate investment trust's stock worth $400,000 after buying an additional 750 shares during the period. Finally, Naviter Wealth LLC lifted its stake in Realty Income by 2.1% in the first quarter. Naviter Wealth LLC now owns 54,365 shares of the real estate investment trust's stock valued at $3,078,000 after buying an additional 1,123 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on O shares. Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. 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 note on Monday, May 5th. Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus boosted their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Realty Income has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Down 0.2%

Realty Income stock opened at $57.06 on Monday. 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 has a market capitalization of $51.53 billion, a P/E ratio of 51.87, a P/E/G ratio of 3.99 and a beta of 0.76. The firm has a 50 day moving average price of $56.76 and a 200-day moving average price of $55.64. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

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

Realty Income Increases Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 5.6%. Realty Income's payout ratio is presently 292.73%.

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.

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