World Investment Advisors Acquires 17,440 Shares of Realty Income Corporation (NYSE:O)

World Investment Advisors boosted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,979 shares of the real estate investment trust's stock after acquiring an additional 17,440 shares during the quarter. World Investment Advisors' holdings in Realty Income were worth $7,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Realty Income in the 4th quarter worth about $624,666,000. Northern Trust Corp raised its stake in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after purchasing an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System lifted its stake in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after acquiring an additional 811,037 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after acquiring an additional 694,983 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O stock traded down $0.18 during trading hours on Monday, reaching $57.50. 4,688,413 shares of the company's stock were exchanged, compared to its average volume of 5,247,523. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The stock has a market capitalization of $51.93 billion, a P/E ratio of 52.27, a P/E/G ratio of 4.04 and a beta of 0.75. The business has a fifty day moving average price of $56.75 and a 200-day moving average price of $55.77. 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 (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. Analysts predict 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. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.269 per share. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 5.6%. Realty Income's dividend payout ratio is currently 293.64%.

Analysts Set New Price Targets

A number of research firms have commented on O. JPMorgan Chase & Co. decreased their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Stifel Nicolaus lifted their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Finally, UBS Group cut their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.15.

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.