Vest Financial LLC Buys 112,366 Shares of Realty Income Co. (NYSE:O)

Vest Financial LLC raised its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,008,887 shares of the real estate investment trust's stock after purchasing an additional 112,366 shares during the quarter. Vest Financial LLC owned approximately 0.11% of Realty Income worth $58,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in O. Lee Danner & Bass Inc. bought a new position in shares of Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income during the 4th quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $32,000. Millstone Evans Group LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $34,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on O shares. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. UBS Group decreased their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Finally, Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Up 0.4%

O traded up $0.21 during trading on Friday, reaching $56.04. 4,840,276 shares of the stock traded hands, compared to its average volume of 5,198,241. The stock has a market cap of $50.61 billion, a price-to-earnings ratio of 53.37, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock's 50-day simple moving average is $56.15 and its two-hundred day simple moving average is $55.59.

Realty Income (NYSE:O - Get Free Report) last posted 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 return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

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.