Realty Income Co. (NYSE:O) Shares Bought by Bfsg LLC

Bfsg LLC raised its position in Realty Income Co. (NYSE:O - Free Report) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,419 shares of the real estate investment trust's stock after purchasing an additional 4,931 shares during the quarter. Bfsg LLC's holdings in Realty Income were worth $3,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after buying an additional 555,908 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after buying an additional 658,240 shares in the last quarter. Northern Trust Corp lifted its holdings in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares in the last quarter. Norges Bank acquired a new stake in Realty Income during the 4th quarter worth approximately $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in Realty Income during the 4th quarter worth approximately $553,572,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Down 0.4%

Shares of NYSE:O opened at $57.41 on Tuesday. The stock has a market capitalization of $51.85 billion, a price-to-earnings ratio of 54.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. The company's fifty day moving average is $56.49 and its two-hundred day moving average is $55.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

O has been the topic of a number of research reports. UBS Group reduced their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Stifel Nicolaus increased their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wedbush reissued a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank increased their price objective 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. Finally, Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Nine investment 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, the company presently has a consensus rating of "Hold" and a consensus price target of $61.15.

About Realty Income

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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