Federated Hermes Inc. Has $136.85 Million Position in Realty Income Corporation (NYSE:O)

Key Points

• Federated Hermes Inc. increased its holdings in Realty Income Corporation by 29.6%, owning approximately 2.36 million shares worth $136.85 million at the end of the last reporting period.
• Realty Income recently reported earnings of $1.06 per share for the quarter, meeting analysts' expectations, and a year-over-year revenue increase of 9.5% to $1.31 billion.
• The company declared a dividend of $0.269, equating to a yield of 5.7%, with a significant dividend payout ratio of 293.64% as of the latest announcement.

Federated Hermes Inc. raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 29.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,359,129 shares of the real estate investment trust's stock after acquiring an additional 538,999 shares during the period. Federated Hermes Inc. owned 0.26% of Realty Income worth $136,853,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. PSI Advisors LLC boosted its position in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the period. Fourth Dimension Wealth LLC purchased a new position in Realty Income in the 4th quarter valued at about $34,000. FSC Wealth Advisors LLC boosted its position in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at about $37,000. Finally, CVA Family Office LLC raised its stake in shares of Realty Income by 52.8% in the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 272 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 1.2%

NYSE O traded up $0.67 during trading on Friday, reaching $56.53. 3,692,029 shares of the stock traded hands, compared to its average volume of 5,555,158. The firm has a market cap of $51.05 billion, a price-to-earnings ratio of 51.45, a price-to-earnings-growth ratio of 3.99 and a beta of 0.75. The stock's 50-day moving average price is $57.08 and its 200 day moving average price is $56.30. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

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

Realty Income Dividend Announcement

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's payout ratio is currently 293.64%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on O. Wedbush reiterated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho upped 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. Stifel Nicolaus upped 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $61.15.

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.