Wealthspire Advisors LLC Increases Holdings in Realty Income Corporation (NYSE:O)

Wealthspire Advisors LLC grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 104.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,080 shares of the real estate investment trust's stock after acquiring an additional 18,433 shares during the period. Wealthspire Advisors LLC's holdings in Realty Income were worth $2,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 615 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Realty Income by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust's stock worth $9,881,000 after purchasing an additional 487 shares during the last quarter. Shelton Capital Management raised its position in shares of Realty Income by 41.1% during the 4th quarter. Shelton Capital Management now owns 4,933 shares of the real estate investment trust's stock worth $263,000 after purchasing an additional 1,437 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Realty Income by 6.5% during the 4th quarter. Bank of Nova Scotia now owns 125,245 shares of the real estate investment trust's stock worth $6,689,000 after purchasing an additional 7,655 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Realty Income by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock worth $38,207,000 after purchasing an additional 127,300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered 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 note on Monday, May 5th. Finally, UBS Group lowered their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus target price of $61.36.

Realty Income Trading Up 0.4%

Shares of O stock traded up $0.24 on Thursday, reaching $57.15. 5,053,716 shares of the stock were exchanged, compared to its average volume of 5,386,898. The stock has a market cap of $51.61 billion, a P/E ratio of 55.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.76. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $57.20 and a two-hundred day moving average of $56.41. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.35% and a net margin of 16.77%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

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