Realty Income Corporation (NYSE:O) Stock Position Increased by WealthPLAN Partners LLC

Key Points

• WealthPLAN Partners LLC increased its stake in Realty Income Corporation by 7.0%, acquiring an additional 5,837 shares, bringing their total to 88,728 shares valued at approximately $5.15 million.
• Realty Income's latest quarterly earnings report showed an EPS of $1.05, missing consensus estimates slightly, while revenue grew 5.3% year-over-year to $1.34 billion.
• The company announced a dividend of $0.269 per share, set to be paid on August 15th, representing a high dividend yield of 570.0% and a payout ratio of 293.64%.

WealthPLAN Partners LLC raised its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,728 shares of the real estate investment trust's stock after buying an additional 5,837 shares during the period. WealthPLAN Partners LLC's holdings in Realty Income were worth $5,147,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. Vanguard Group Inc. lifted its stake in Realty Income by 2.4% in the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after acquiring an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in Realty Income by 27.0% in the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after acquiring an additional 1,055,840 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Realty Income by 6,002.1% in the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after buying an additional 694,983 shares during the last quarter. Finally, Demars Financial Group LLC acquired a new stake in shares of Realty Income in the fourth quarter worth $30,817,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $56.95 on Thursday. The firm's 50 day simple moving average is $57.18 and its 200 day simple moving average is $56.39. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $51.43 billion, a price-to-earnings ratio of 51.77, a P/E/G ratio of 4.01 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $1.07 earnings per share. Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio (DPR) is 293.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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. UBS Group lowered their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Stifel Nicolaus upped their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a research 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $61.36.

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.

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