Roof Eidam Maycock Peralta LLC Invests $383,000 in Realty Income Corporation (NYSE:O)

Key Points

• Roof Eidam Maycock Peralta LLC invested approximately $383,000 in Realty Income Corporation, acquiring 6,600 shares of the real estate investment trust during the first quarter.
• Major institutional investors, including Vanguard Group Inc. and Northern Trust Corp, have also increased their stakes in Realty Income, highlighting strong institutional interest.
• Realty Income declared a $0.269 dividend set to be paid on August 15, with a significant dividend yield of 570.0% and a payout ratio of 293.64%.

Roof Eidam Maycock Peralta LLC acquired a new stake in Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,600 shares of the real estate investment trust's stock, valued at approximately $383,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the last quarter. Northern Trust Corp raised its stake 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 valued at $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Realty Income by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock worth $586,644,000 after acquiring an additional 123,501 shares in the last quarter. Centersquare Investment Management LLC grew its position in Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after acquiring an additional 1,055,840 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Realty Income by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock valued at $230,663,000 after purchasing an additional 110,694 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus lifted their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Wedbush reiterated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.36.

Realty Income Trading Up 0.4%

Shares of O traded up $0.24 on Thursday, reaching $57.15. 5,053,716 shares of the company's stock were exchanged, compared to its average volume of 5,386,898. The business has a 50 day moving average price of $57.20 and a two-hundred day moving average price of $56.41. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a market capitalization of $51.61 billion, a P/E ratio of 55.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O - Get Free Report) last posted 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). Realty Income had a net margin of 16.77% and a return on equity of 2.35%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $1.07 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio is 293.64%.

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.