TD Private Client Wealth LLC Buys 6,402 Shares of Realty Income Corporation (NYSE:O)

TD Private Client Wealth LLC grew its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 13.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,837 shares of the real estate investment trust's stock after buying an additional 6,402 shares during the period. TD Private Client Wealth LLC's holdings in Realty Income were worth $3,065,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Smith Moore & CO. boosted its holdings in shares of Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 201 shares in the last quarter. Kentucky Trust Co boosted its stake in Realty Income by 2.6% in the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Realty Income by 1.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares in the last quarter. PSI Advisors LLC boosted its stake in Realty Income by 78.3% in 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 in the last quarter. Finally, Buckley Wealth Management LLC boosted its stake in Realty Income by 2.7% in the 4th quarter. Buckley Wealth Management LLC now owns 9,708 shares of the real estate investment trust's stock worth $519,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on O. UBS Group dropped their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wedbush reiterated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus upped their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Mizuho upped their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Performance

NYSE:O traded down $0.04 during mid-day trading on Tuesday, reaching $57.49. The company's stock had a trading volume of 3,966,897 shares, compared to its average volume of 5,593,177. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The firm's fifty day moving average price is $56.76 and its two-hundred day moving average price is $55.81. 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 stock has a market cap of $51.92 billion, a P/E ratio of 52.26, a PEG ratio of 4.04 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates 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 return on equity of 2.51% and a net margin of 18.15%. Realty Income's revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors 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 an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. Realty Income's payout ratio is 293.64%.

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.