MAI Capital Management Acquires 13,555 Shares of Realty Income Corporation $O

Key Points

• MAI Capital Management increased its stake in Realty Income Corporation by 6.5% during Q1, bringing its total holdings to 221,233 shares valued at approximately $12.8 million.
• Realty Income recently announced a monthly dividend increase to $0.269 per share, representing an annualized yield of 5.5% and a payout ratio of 313.59%.
• The company reported a quarterly revenue of $1.34 billion, slightly exceeding analyst expectations, although its earnings per share missed estimates by $0.01.

MAI Capital Management raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 6.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 221,233 shares of the real estate investment trust's stock after buying an additional 13,555 shares during the quarter. MAI Capital Management's holdings in Realty Income were worth $12,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. Keystone Global Partners LLC acquired a new stake in Realty Income in the 1st quarter valued at approximately $26,000. PSI Advisors LLC grew its holdings in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the 4th quarter valued at approximately $34,000. FSC Wealth Advisors LLC grew its holdings in Realty Income by 288.0% in the 1st 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 during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Realty Income in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

O stock traded up $0.21 during trading on Wednesday, hitting $57.95. The company had a trading volume of 3,932,633 shares, compared to its average volume of 5,529,417. The company has a fifty day moving average price of $57.64 and a two-hundred day moving average price of $56.91. 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 company has a market cap of $52.98 billion, a P/E ratio of 56.26, a P/E/G ratio of 4.49 and a beta of 0.77. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 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 net margin of 16.77% and a return on equity of 2.34%. Realty Income's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. Equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.269 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.6%. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's payout ratio is presently 312.62%.

Analysts Set New Price Targets

A number of analysts have issued reports on O shares. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Scotiabank lifted their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Barclays lifted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Finally, Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.00.

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.