Realty Income Corporation (NYSE:O) Shares Bought by Peterson Wealth Services

Peterson Wealth Services increased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,405 shares of the real estate investment trust's stock after acquiring an additional 4,994 shares during the quarter. Peterson Wealth Services' holdings in Realty Income were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smith Moore & CO. lifted its position in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 201 shares during the last quarter. Kentucky Trust Co lifted its position in Realty Income by 2.6% in the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after buying an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Realty Income by 1.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after buying an additional 241 shares during the last quarter. PSI Advisors LLC lifted its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. Finally, First Bank & Trust lifted its position in Realty Income by 0.8% in the first quarter. First Bank & Trust now owns 34,633 shares of the real estate investment trust's stock valued at $2,009,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

Shares of NYSE:O traded up $1.47 during midday trading on Tuesday, hitting $57.86. 5,146,244 shares of the stock were exchanged, compared to its average volume of 5,294,596. The stock has a market cap of $52.25 billion, a P/E ratio of 52.60, a PEG ratio of 3.96 and a beta of 0.75. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a 50 day moving average price of $56.77 and a 200-day moving average price of $56.06.

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 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income's payout ratio is currently 292.73%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. UBS Group dropped their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.15.

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.