Realty Income Corporation $O Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its stake in Realty Income Corporation by 6.3% in Q1, holding nearly 7.9 million shares worth approximately $459.6 million.
• Realty Income recently announced an increase in its monthly dividend to $0.269 per share, representing an annualized yield of 5.4%.
• The company's earnings report showed an EPS of $1.05 for the last quarter, slightly below analysts' expectations, while revenue rose 5.3% year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Realty Income Corporation (NYSE:O - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,922,856 shares of the real estate investment trust's stock after purchasing an additional 466,900 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.88% of Realty Income worth $459,605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in O. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the first quarter valued at approximately $26,000. PSI Advisors LLC raised its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the fourth quarter valued at $34,000. FSC Wealth Advisors LLC raised its position in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in Realty Income in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Up 0.6%

NYSE:O opened at $59.48 on Wednesday. The firm has a market cap of $54.38 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 4.52 and a beta of 0.77. The stock has a fifty day moving average price of $57.79 and a 200 day moving average price of $57.01. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last released 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). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.269 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 2nd. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analyst Weigh In

O has been the topic of a number of research analyst reports. Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group increased their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Scotiabank increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $62.00.

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.

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