Realty Income Corporation (NYSE:O) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 396,798 shares of the real estate investment trust's stock after acquiring an additional 19,965 shares during the quarter. Victory Capital Management Inc.'s holdings in Realty Income were worth $23,018,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after acquiring an additional 615 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Realty Income by 781.1% in the fourth quarter. Teacher Retirement System of Texas now owns 51,369 shares of the real estate investment trust's stock worth $2,744,000 after acquiring an additional 45,539 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $28,000. Millstone Evans Group LLC acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $34,000. Finally, Virtu Financial LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $945,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Down 0.2%

O opened at $56.37 on Tuesday. Realty Income Corporation 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 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $50.90 billion, a P/E ratio of 51.24, a P/E/G ratio of 3.96 and a beta of 0.75. The stock has a fifty day moving average of $56.77 and a 200-day moving average of $56.06.

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 analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Realty Income's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio is currently 292.73%.

Analyst Ratings Changes

A number of equities analysts 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 stock a "buy" rating in a research report on Tuesday, May 6th. Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. reduced their target price 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. Finally, Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.

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