Realty Income Corporation $O Shares Acquired by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC increased its stake in Realty Income Corporation (NYSE: O) by 78.4% during the first quarter, owning a total of 36,846 shares worth approximately $2.1 million.
• Realty Income recently announced a monthly dividend increase to $0.2695 per share, representing an annualized yield of 5.4%, with the ex-dividend date set for October 1st.
• Despite a 0.1% decline in stock price recently, Realty Income reported a revenue increase of 5.3% from the previous year, with earnings of $1.05 per share, slightly below analysts' estimates.

Belpointe Asset Management LLC lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 78.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,846 shares of the real estate investment trust's stock after buying an additional 16,194 shares during the quarter. Belpointe Asset Management LLC's holdings in Realty Income were worth $2,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Keystone Global Partners LLC purchased a new stake in Realty Income during the 1st quarter worth about $26,000. PSI Advisors LLC increased its position in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares in the last quarter. FSC Wealth Advisors LLC increased its position in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 455 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Realty Income during the 4th quarter worth about $34,000. Finally, Orion Capital Management LLC purchased a new stake in Realty Income during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Down 0.1%

O opened at $59.46 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $54.36 billion, a price-to-earnings ratio of 57.72, a price-to-earnings-growth ratio of 4.55 and a beta of 0.77. The business has a 50-day moving average of $57.82 and a two-hundred day moving average of $57.03. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results 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 return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays lifted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Scotiabank lifted their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.00.

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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