Cerity Partners LLC Purchases 10,635 Shares of Realty Income Corporation (NYSE:O)

Cerity Partners LLC increased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,764 shares of the real estate investment trust's stock after acquiring an additional 10,635 shares during the period. Cerity Partners LLC's holdings in Realty Income were worth $5,671,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Allworth Financial LP boosted its position in Realty Income by 4.4% during the 1st quarter. Allworth Financial LP now owns 280,370 shares of the real estate investment trust's stock worth $16,023,000 after acquiring an additional 11,858 shares during the period. Stonebrook Private Inc. lifted its position in Realty Income by 4.8% during the 1st quarter. Stonebrook Private Inc. now owns 37,099 shares of the real estate investment trust's stock worth $2,152,000 after acquiring an additional 1,713 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Realty Income by 3.4% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,836 shares of the real estate investment trust's stock valued at $1,325,000 after buying an additional 750 shares during the last quarter. New Insight Wealth Advisors increased its position in Realty Income by 31.6% during the first quarter. New Insight Wealth Advisors now owns 8,974 shares of the real estate investment trust's stock worth $521,000 after acquiring an additional 2,153 shares during the period. Finally, Silverlake Wealth Management LLC lifted its stake in shares of Realty Income by 11.6% in the first quarter. Silverlake Wealth Management LLC now owns 5,124 shares of the real estate investment trust's stock valued at $297,000 after buying an additional 531 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on O. Scotiabank raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. UBS Group reduced their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Ten 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, the stock has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Performance

Shares of O traded up $0.11 during mid-day trading on Friday, reaching $56.47. The company's stock had a trading volume of 4,151,803 shares, compared to its average volume of 5,292,062. The stock has a market cap of $51.00 billion, a P/E ratio of 51.34, a PEG ratio of 3.98 and a beta of 0.75. 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 business has a 50-day simple moving average of $56.78 and a two-hundred day simple moving average of $56.00. 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 announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. Realty Income's quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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