Realty Income Corporation $O Holdings Raised by Focus Partners Wealth

Focus Partners Wealth boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 13.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,704 shares of the real estate investment trust's stock after buying an additional 7,959 shares during the quarter. Focus Partners Wealth's holdings in Realty Income were worth $3,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Integrity Alliance LLC. purchased a new stake in Realty Income in the 1st quarter worth approximately $424,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Realty Income by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,922,856 shares of the real estate investment trust's stock valued at $459,605,000 after purchasing an additional 466,900 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock valued at $4,289,000 after purchasing an additional 21,603 shares in the last quarter. Zimmer Partners LP bought a new position in shares of Realty Income during the 1st quarter valued at $10,152,000. Finally, Empowered Funds LLC raised its holdings in shares of Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock valued at $1,041,000 after purchasing an additional 1,330 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

NYSE:O opened at $60.21 on Tuesday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm's fifty day simple moving average is $57.98 and its 200 day simple moving average is $57.11. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $55.05 billion, a PE ratio of 58.46, a PEG ratio of 4.62 and a beta of 0.77.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.4%. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 313.59%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on O shares. Scotiabank raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Mizuho raised their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. UBS Group raised their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Barclays raised their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Finally, Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.36.

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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