Wealth Enhancement Advisory Services LLC Increases Stake in Realty Income Corporation (NYSE:O)

Wealth Enhancement Advisory Services LLC raised its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,992 shares of the real estate investment trust's stock after purchasing an additional 15,593 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Realty Income were worth $15,604,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in Realty Income during the fourth quarter valued at $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income during the fourth quarter valued at $29,000. Millstone Evans Group LLC bought a new stake in Realty Income during the fourth quarter valued at $34,000. Fourth Dimension Wealth LLC bought a new stake in Realty Income during the fourth quarter valued at $34,000. Finally, BankPlus Trust Department bought a new stake in Realty Income during the fourth quarter valued at $37,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. UBS Group cut their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Scotiabank upped their target price 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. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Price Performance

Shares of NYSE O traded down $0.41 during mid-day trading on Tuesday, reaching $57.96. 5,385,482 shares of the company were exchanged, compared to its average volume of 5,226,924. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $52.34 billion, a PE ratio of 52.69, a PEG ratio of 4.08 and a beta of 0.76. The company's 50 day moving average price is $56.79 and its 200 day moving average price is $55.59.

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. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $1.03 EPS. The firm's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $0.269 dividend. The ex-dividend date is Tuesday, July 1st. This is an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a yield of 5.6%. Realty Income's payout ratio is currently 292.73%.

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.