Prevail Innovative Wealth Advisors LLC Takes $701,000 Position in Realty Income Corporation (NYSE:O)

Prevail Innovative Wealth Advisors LLC bought 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 & Exchange Commission. The fund bought 12,084 shares of the real estate investment trust's stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Hager Investment Management Services LLC lifted its holdings in shares of Realty Income by 21.4% in the first quarter. Hager Investment Management Services LLC now owns 13,308 shares of the real estate investment trust's stock valued at $772,000 after purchasing an additional 2,344 shares in the last quarter. Leo Wealth LLC lifted its holdings in shares of Realty Income by 10.2% in the first quarter. Leo Wealth LLC now owns 5,915 shares of the real estate investment trust's stock valued at $343,000 after purchasing an additional 548 shares in the last quarter. Dakota Wealth Management raised its position in shares of Realty Income by 22.9% in the first quarter. Dakota Wealth Management now owns 73,871 shares of the real estate investment trust's stock valued at $4,285,000 after buying an additional 13,764 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of Realty Income by 11.6% in the first quarter. Apollon Wealth Management LLC now owns 28,053 shares of the real estate investment trust's stock valued at $1,627,000 after buying an additional 2,915 shares during the last quarter. Finally, Sigma Planning Corp raised its position in shares of Realty Income by 31.6% in the first quarter. Sigma Planning Corp now owns 60,898 shares of the real estate investment trust's stock valued at $3,533,000 after buying an additional 14,630 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut 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. UBS Group cut 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 report on Tuesday, May 13th. Stifel Nicolaus boosted 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. Wedbush reaffirmed a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Scotiabank upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Trading Down 0.4%

Shares of Realty Income stock traded down $0.22 during trading hours on Thursday, hitting $56.58. The company's stock had a trading volume of 2,789,632 shares, compared to its average volume of 5,290,487. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The business has a fifty day moving average of $56.78 and a 200 day moving average of $55.97. The company has a market capitalization of $51.09 billion, a PE ratio of 51.43, a P/E/G ratio of 3.97 and a beta of 0.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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 company 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 earned $1.03 earnings per share. The business'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 year.

Realty Income Dividend Announcement

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 paid a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income's dividend payout ratio (DPR) is presently 293.64%.

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.