Dupree Financial Group LLC Acquires 49,671 Shares of Realty Income Corporation (NYSE:O)

Dupree Financial Group LLC increased its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 51.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,973 shares of the real estate investment trust's stock after buying an additional 49,671 shares during the quarter. Realty Income comprises 3.4% of Dupree Financial Group LLC's holdings, making the stock its 8th largest position. Dupree Financial Group LLC's holdings in Realty Income were worth $8,468,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. acquired a new stake in Realty Income during the fourth quarter worth $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income during the fourth quarter worth $29,000. PSI Advisors LLC increased 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 acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC grew its stake in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Scotiabank boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Finally, UBS Group cut 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. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Down 0.3%

NYSE:O traded down $0.18 during mid-day trading on Monday, hitting $57.50. The stock had a trading volume of 4,688,413 shares, compared to its average volume of 5,247,520. 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 stock has a 50-day simple moving average of $56.75 and a two-hundred day simple moving average of $55.77. The company has a market capitalization of $51.93 billion, a PE ratio of 52.27, a PEG ratio of 4.04 and a beta of 0.75.

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 earnings per share 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 for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a dividend yield of 5.6%. This is a boost from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's payout ratio is presently 293.64%.

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.