San Luis Wealth Advisors LLC bought a new position in shares of Realty Income Co. (NYSE:O - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,820 shares of the real estate investment trust's stock, valued at approximately $686,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the fourth quarter worth $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC purchased a new position in Realty Income in the fourth quarter valued at $32,000. Millstone Evans Group LLC purchased a new position in Realty Income in the fourth quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Realty Income in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on O. JPMorgan Chase & Co. decreased their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.15.
Read Our Latest Research Report on O
Realty Income Stock Down 0.4%
O opened at $57.41 on Tuesday. The business's 50-day simple moving average is $56.49 and its 200-day simple moving average is $55.54. 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 one year low of $50.71 and a one year high of $64.88. The stock has a market capitalization of $51.85 billion, a P/E ratio of 54.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76.
Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.
Realty Income Increases Dividend
The firm also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. Realty Income's payout ratio is currently 292.73%.
About Realty Income
(
Free Report)
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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