Dakota Wealth Management Purchases 13,764 Shares of Realty Income Corporation (NYSE:O)

Dakota Wealth Management boosted its holdings in Realty Income Corporation (NYSE:O - Free Report) by 22.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,871 shares of the real estate investment trust's stock after buying an additional 13,764 shares during the quarter. Dakota Wealth Management's holdings in Realty Income were worth $4,285,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Smith Moore & CO. boosted its position in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after buying an additional 201 shares during the period. Kentucky Trust Co raised its holdings in Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares during the last quarter. PSI Advisors LLC raised its holdings in 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 during the last quarter. Finally, First Bank & Trust raised its holdings in Realty Income by 0.8% during the 1st quarter. First Bank & Trust now owns 34,633 shares of the real estate investment trust's stock worth $2,009,000 after purchasing an additional 260 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

O has been the subject of several analyst reports. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. 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 report on Monday, May 12th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday. Finally, UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Up 0.2%

NYSE O traded up $0.11 during mid-day trading on Wednesday, hitting $56.77. The company's stock had a trading volume of 2,190,303 shares, compared to its average volume of 5,287,320. The company's 50 day simple moving average is $56.77 and its 200 day simple moving average is $55.96. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. 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 firm has a market capitalization of $51.26 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 4.11 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. Analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business 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. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is currently 293.64%.

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.