Invesco Ltd. Boosts Holdings in Realty Income Corporation (NYSE:O)

Key Points

• Invesco Ltd. has increased its stake in Realty Income Corporation by 0.4%, now holding approximately 1.26% of the company worth $662.6 million.
• Analysts have mixed views on Realty Income, with UBS Group lowering its target price from $64.00 to $62.00 while other firms have altered their ratings, indicating a generally cautious outlook.
• The company recently announced a dividend of $0.269 per share, with a dividend yield of 570.0%, despite a high dividend payout ratio (DPR) of 312.62%.

Invesco Ltd. grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 0.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,421,973 shares of the real estate investment trust's stock after purchasing an additional 48,024 shares during the period. Invesco Ltd. owned about 1.26% of Realty Income worth $662,589,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PSI Advisors LLC lifted its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares in the last quarter. FSC Wealth Advisors LLC increased its stake in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in Realty Income in the fourth quarter valued at $34,000. Orion Capital Management LLC bought a new position in shares of Realty Income during the fourth quarter valued at about $37,000. Finally, CVA Family Office LLC grew its stake in shares of Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.0%

O traded down $0.01 on Monday, hitting $57.43. The company had a trading volume of 3,607,494 shares, compared to its average volume of 5,364,485. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The stock has a fifty day simple moving average of $57.21 and a 200-day simple moving average of $56.46. The firm has a market capitalization of $52.51 billion, a P/E ratio of 55.76, a P/E/G ratio of 4.04 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results 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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted $1.07 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.269 dividend. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is currently 313.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on O. UBS Group reduced their price objective 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. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Scotiabank increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.36.

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.