Kingswood Wealth Advisors LLC increased its position in Realty Income Corporation (NYSE:O - Free Report) by 62.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 38,534 shares of the real estate investment trust's stock after purchasing an additional 14,747 shares during the period. Kingswood Wealth Advisors LLC's holdings in Realty Income were worth $2,207,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Realty Income by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after purchasing an additional 555,908 shares during the period. Geode Capital Management LLC grew its holdings in shares of Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after buying an additional 658,240 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares during the last quarter. Norges Bank acquired a new position in Realty Income in the 4th quarter valued at about $624,666,000. Finally, Raymond James Financial Inc. purchased a new stake in Realty Income during the 4th quarter valued at approximately $553,572,000. 70.81% of the stock is owned by institutional investors and hedge funds.
Realty Income Price Performance
Shares of NYSE O traded up $0.10 during trading on Friday, hitting $57.68. 2,331,395 shares of the company were exchanged, compared to its average volume of 5,206,064. The firm's fifty day moving average price is $56.70 and its 200 day moving average price is $55.57. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $52.09 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 4.02 and a beta of 0.76. 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 released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm's revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.
Realty Income Increases Dividend
The company also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.269 dividend. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 5.6%. This is a boost from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio is currently 292.73%.
Wall Street Analyst Weigh In
O has been the subject of a number of recent research reports. UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Wedbush reiterated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $61.15.
View Our Latest Stock Report on O
Realty Income Profile
(
Free Report)
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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