Realty Income Corporation (NYSE:O) Shares Purchased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Realty Income Corporation by 9.6%, acquiring an additional 992,303 shares, bringing its total ownership to over 11.3 million shares valued at approximately $658.8 million.
• The company has declared a monthly dividend of $0.269 per share, an increase from the previous $0.26, with a yield of 5.5%, to be paid on September 15th.
• Realty Income reported earnings of $1.05 EPS for the last quarter, slightly missing analyst estimates, while its revenue increased 5.3% year-over-year to $1.34 billion.

Raymond James Financial Inc. lifted its position in Realty Income Corporation (NYSE:O - Free Report) by 9.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,356,883 shares of the real estate investment trust's stock after acquiring an additional 992,303 shares during the period. Raymond James Financial Inc. owned 1.26% of Realty Income worth $658,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in O. PSI Advisors LLC boosted its stake in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $34,000. FSC Wealth Advisors LLC lifted its stake 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 purchasing an additional 455 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $37,000. Finally, CVA Family Office LLC lifted its stake 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 purchasing an additional 272 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Up 1.0%

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. The business has a 50 day simple moving average of $57.39 and a 200-day simple moving average of $56.53. The stock has a market capitalization of $53.40 billion, a P/E ratio of 56.70, a P/E/G ratio of 4.42 and a beta of 0.76. 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 posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned $1.07 earnings per share. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio (DPR) is 312.62%.

Wall Street Analysts Forecast Growth

O has been the topic of several research analyst reports. UBS Group boosted their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. cut their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Scotiabank upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.73.

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.

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