Cullen Investment Group LTD. Raises Stock Position in Realty Income Co. (NYSE:O)

Cullen Investment Group LTD. increased its position in shares of Realty Income Co. (NYSE:O - Free Report) by 210.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,720 shares of the real estate investment trust's stock after buying an additional 54,075 shares during the quarter. Cullen Investment Group LTD.'s holdings in Realty Income were worth $4,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in O. Tcfg Wealth Management LLC lifted its position in Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock valued at $357,000 after acquiring an additional 186 shares in the last quarter. Smith Moore & CO. raised its stake in shares of Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 218 shares during the last quarter. Howard Capital Management Inc. raised its stake in shares of Realty Income by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 229 shares during the last quarter. Finally, Yoder Wealth Management Inc. raised its stake in shares of Realty Income by 5.5% in the fourth quarter. Yoder Wealth Management Inc. now owns 4,529 shares of the real estate investment trust's stock worth $242,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on O shares. Scotiabank raised their price target 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. Stifel Nicolaus raised their price target 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. Mizuho raised their price target 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. JPMorgan Chase & Co. dropped their price target 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. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

O stock traded up $0.25 during mid-day trading on Friday, hitting $56.61. The company had a trading volume of 9,965,391 shares, compared to its average volume of 5,210,949. The stock's fifty day moving average price is $56.21 and its two-hundred day moving average price is $55.60. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $51.12 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's payout ratio is 292.73%.

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.