Capital Investment Advisors LLC Buys 155,469 Shares of Realty Income Co. (NYSE:O)

Capital Investment Advisors LLC grew its holdings in Realty Income Co. (NYSE:O - Free Report) by 1,965.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,379 shares of the real estate investment trust's stock after acquiring an additional 155,469 shares during the quarter. Capital Investment Advisors LLC's holdings in Realty Income were worth $9,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Realty Income during the fourth quarter worth approximately $553,572,000. Asset Management One Co. Ltd. grew its position in Realty Income by 6.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after acquiring an additional 166,178 shares during the period. Employees Retirement System of Texas raised its position in shares of Realty Income by 19.0% in the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after buying an additional 78,000 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after acquiring an additional 19,527 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

O has been the topic of several research analyst reports. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Wedbush reissued a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Trading Up 0.7%

O stock traded up $0.39 during trading on Wednesday, hitting $57.74. The company had a trading volume of 4,190,115 shares, compared to its average volume of 5,202,585. The stock has a market cap of $52.14 billion, a PE ratio of 54.99, a PEG ratio of 2.10 and a beta of 0.76. The business has a 50-day moving average of $56.13 and a 200-day moving average of $55.56. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 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 company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company's quarterly revenue was up 9.5% on a year-over-year basis. Research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given 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 dividend payout ratio is presently 292.73%.

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.