Realty Income Co. (NYSE:O) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC raised its position in Realty Income Co. (NYSE:O - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,423 shares of the real estate investment trust's stock after buying an additional 11,729 shares during the period. RFG Advisory LLC's holdings in Realty Income were worth $2,809,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of O. Vanguard Group Inc. grew its position in shares of Realty Income by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC boosted its stake in Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after buying an additional 658,240 shares during the last quarter. Northern Trust Corp boosted its stake in Realty Income by 41.2% during 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 buying an additional 3,834,403 shares during the last quarter. Norges Bank purchased a new stake in Realty Income in the 4th quarter valued at $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the 4th quarter worth $553,572,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.3%

Shares of O traded down $0.15 during mid-day trading on Thursday, hitting $55.77. 4,881,799 shares of the company's stock were exchanged, compared to its average volume of 5,190,465. The stock's 50-day moving average is $56.20 and its 200-day moving average is $55.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a market cap of $50.36 billion, a price-to-earnings ratio of 53.11, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's payout ratio is 292.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on O shares. Barclays reissued an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Mizuho lifted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.15.

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.