Realty Income Corporation $O Stake Boosted by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Realty Income Corporation by 3.9%, holding a total of 2,318,818 shares valued at approximately $135.23 million as of the latest filing.
• Realty Income recently announced a monthly dividend of $0.269 per share, which represents a yield of 5.5%, up from the previous month’s dividend of $0.26.
• The company reported earnings per share of $1.05 for the last quarter, slightly below analyst expectations of $1.06, despite revenue of $1.34 billion beating forecasts.

Ameriprise Financial Inc. raised its position in Realty Income Corporation (NYSE:O - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,318,818 shares of the real estate investment trust's stock after purchasing an additional 86,876 shares during the period. Ameriprise Financial Inc. owned about 0.26% of Realty Income worth $135,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Realty Income by 2.4% in the 1st 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 purchasing an additional 3,274,853 shares in the last quarter. Northern Trust Corp boosted 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Realty Income by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock worth $702,381,000 after acquiring an additional 451,307 shares during the last quarter. Invesco Ltd. grew its holdings in Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after purchasing an additional 48,024 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after purchasing an additional 992,303 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays upped 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. Stifel Nicolaus boosted their target price on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wedbush restated a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. 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. Finally, Wolfe Research lowered shares of 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average price target of $61.82.

Realty Income Stock Up 0.8%

NYSE O traded up $0.47 on Wednesday, reaching $58.60. The company had a trading volume of 3,280,445 shares, compared to its average volume of 5,533,121. The firm has a market capitalization of $53.57 billion, a PE ratio of 56.94, a P/E/G ratio of 4.45 and a beta of 0.76. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm has a 50-day moving average of $57.58 and a 200-day moving average of $56.77. 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 released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 EPS. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.269 per share. This is an increase from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Realty Income Company 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.