Townsquare Capital LLC Increases Position in Realty Income Corporation (NYSE:O)

Key Points

• Townsquare Capital LLC increased its stake in Realty Income Corporation by 5.4%, owning 103,091 shares worth approximately $5.98 million after acquiring additional shares in the first quarter.
• Analysts have set new price targets for Realty Income, with the consensus rating being "Hold" and an average price target of $61.36.
• Realty Income reported $1.05 earnings per share for the latest quarter, slightly missing the consensus estimate, while also announcing a dividend of $0.269 per share to be paid on August 15th.

Townsquare Capital LLC boosted its position in Realty Income Corporation (NYSE:O - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 103,091 shares of the real estate investment trust's stock after purchasing an additional 5,268 shares during the period. Townsquare Capital LLC's holdings in Realty Income were worth $5,980,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in O. PSI Advisors LLC grew its holdings in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in Realty Income in the 4th quarter valued at approximately $34,000. FSC Wealth Advisors LLC grew its holdings in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of Realty Income in the fourth quarter worth $37,000. Finally, CVA Family Office LLC increased its stake in shares of Realty Income by 52.8% in 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 period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 0.1%

Shares of NYSE O traded up $0.07 during midday trading on Wednesday, hitting $57.73. The company's stock had a trading volume of 2,298,594 shares, compared to its average volume of 5,511,962. The business's 50 day moving average is $57.26 and its two-hundred day moving average is $56.49. The firm has a market cap of $52.78 billion, a P/E ratio of 56.03, a price-to-earnings-growth ratio of 4.04 and a beta of 0.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 570.0%. Realty Income's dividend payout ratio is presently 312.62%.

Wall Street Analyst Weigh In

O has been the subject of a number of analyst reports. Scotiabank lifted their target price 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. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Wedbush reaffirmed a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, UBS Group dropped their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $61.36.

About Realty Income

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.