Realty Income Corporation $O Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 584,845 shares of the real estate investment trust's stock after purchasing an additional 18,397 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Realty Income worth $33,927,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. N.E.W. Advisory Services LLC boosted its holdings in Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock valued at $899,000 after purchasing an additional 186 shares during the last quarter. Associated Banc Corp lifted its holdings in shares of Realty Income by 1.9% in the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after buying an additional 192 shares during the period. Kentucky Trust Co boosted its stake in shares of Realty Income by 2.6% in the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after buying an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Realty Income by 1.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after acquiring an additional 241 shares during the period. Finally, Alliance Wealth Advisors LLC UT raised its position in Realty Income by 0.7% during the first quarter. Alliance Wealth Advisors LLC UT now owns 36,915 shares of the real estate investment trust's stock valued at $2,141,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Up 1.1%

Shares of NYSE:O opened at $58.75 on Tuesday. The business's 50 day moving average price is $57.65 and its 200-day moving average price is $56.90. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm has a market capitalization of $53.72 billion, a price-to-earnings ratio of 57.04, a price-to-earnings-growth ratio of 4.49 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

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 for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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 was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.269 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is presently 313.59%.

Analyst Ratings Changes

Several research firms have commented on O. Scotiabank upped 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. UBS Group boosted their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. lowered their price target 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. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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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