Bfsg LLC Purchases 4,931 Shares of Realty Income Corporation (NYSE:O)

Bfsg LLC boosted its holdings in Realty Income Corporation (NYSE:O - Free Report) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,419 shares of the real estate investment trust's stock after purchasing an additional 4,931 shares during the period. Bfsg LLC's holdings in Realty Income were worth $3,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after buying an additional 555,908 shares during the last quarter. Geode Capital Management LLC raised its position in Realty Income by 2.9% during the fourth 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 acquiring an additional 658,240 shares in the last quarter. Northern Trust Corp lifted its stake in Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Norges Bank acquired a new stake in Realty Income in the fourth quarter valued at $624,666,000. Finally, Raymond James Financial Inc. bought a new position in shares of Realty Income in the 4th quarter valued at about $553,572,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

O stock traded down $0.34 during trading hours on Friday, hitting $57.24. 16,932,944 shares of the stock were exchanged, compared to its average volume of 5,263,674. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $51.70 billion, a P/E ratio of 52.04, a P/E/G ratio of 4.02 and a beta of 0.76. The company has a 50-day simple moving average of $56.70 and a two-hundred day simple moving average of $55.57.

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, meeting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $1.03 earnings per share. Realty Income's revenue was up 9.5% compared to the same quarter last year. On average, analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced 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. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio is 292.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Finally, UBS Group cut their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $61.15.

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.