Windle Wealth LLC Buys 6,812 Shares of Realty Income Corporation (NYSE:O)

Windle Wealth LLC boosted its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,469 shares of the real estate investment trust's stock after purchasing an additional 6,812 shares during the period. Realty Income comprises approximately 3.9% of Windle Wealth LLC's investment portfolio, making the stock its 18th biggest holding. Windle Wealth LLC's holdings in Realty Income were worth $7,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Employees Retirement System of Texas grew its stake in Realty Income by 19.0% during the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after acquiring an additional 78,000 shares in the last quarter. Sterling Capital Management LLC grew its stake in Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after acquiring an additional 19,527 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Realty Income during the 1st quarter valued at about $1,470,000. Finally, Renaissance Technologies LLC grew its stake in Realty Income by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after acquiring an additional 127,300 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Wedbush reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. 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, Realty Income presently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Price Performance

NYSE O traded up $0.34 on Thursday, reaching $58.22. The company's stock had a trading volume of 1,487,752 shares, compared to its average volume of 5,577,039. The firm's 50 day moving average is $56.90 and its two-hundred day moving average is $56.10. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $52.57 billion, a PE ratio of 52.89, a PEG ratio of 4.06 and a beta of 0.75. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

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 the consensus estimate of $1.06. The business had revenue of $1.31 billion during 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%. Realty Income's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

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