Realty Income Corporation (NYSE:O) Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its shareholding in Realty Income Corporation by 50.2%, owning a total of 29,016 shares valued at approximately $1.68 million.
• Realty Income declared a monthly dividend of $0.269 per share, reflecting an increase from the previous amount, and representing an annualized yield of 5.5%.
• The company's quarterly earnings reported a slight miss at $1.05 per share, with revenues of $1.34 billion, indicating a 5.3% year-over-year increase.

Vestmark Advisory Solutions Inc. raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 50.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,016 shares of the real estate investment trust's stock after purchasing an additional 9,702 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Realty Income were worth $1,683,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in O. PSI Advisors LLC increased its holdings in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $34,000. FSC Wealth Advisors LLC increased its holdings in shares of Realty Income by 288.0% in the 1st 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. Orion Capital Management LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $37,000. Finally, CVA Family Office LLC increased its holdings in shares of Realty Income by 52.8% in the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 272 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of O opened at $58.40 on Friday. 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 12 month low of $50.71 and a 12 month high of $64.88. The stock has a fifty day moving average price of $57.39 and a 200 day moving average price of $56.55. The company has a market cap of $53.40 billion, a P/E ratio of 56.70, a PEG ratio of 4.47 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $1.07 EPS. The company's revenue was up 5.3% compared to the same quarter last year. On average, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. This is a boost from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%. Realty Income's payout ratio is presently 313.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on O shares. Wedbush reiterated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank boosted their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. UBS Group boosted their price target on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $61.73.

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.

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