Schnieders Capital Management LLC Raises Stock Holdings in Realty Income Corporation (NYSE:O)

Key Points

• Schnieders Capital Management LLC increased its stake in Realty Income Corporation (NYSE:O) by 33.3% during the 1st quarter, acquiring an additional 7,850 shares and bringing its total holdings to 31,407 shares worth approximately $1.82 million.
• Realty Income recently reported quarterly earnings of $1.06 per share, matching analysts' expectations, with revenues reaching $1.31 billion, which exceeded projections.
• The company announced a dividend of $0.269 per share, expected to be paid on August 15th, with a high dividend yield of 570%.

Schnieders Capital Management LLC boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 33.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,407 shares of the real estate investment trust's stock after acquiring an additional 7,850 shares during the period. Schnieders Capital Management LLC's holdings in Realty Income were worth $1,822,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in shares of Realty Income by 41.2% during the 4th 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. Vanguard Group Inc. increased its stake in Realty Income by 2.4% in 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 purchasing an additional 3,274,853 shares during the period. Centersquare Investment Management LLC increased its stake in Realty Income by 27.0% in the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after purchasing an additional 1,055,840 shares during the period. GAMMA Investing LLC increased its stake in shares of Realty Income by 6,002.1% during the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after buying an additional 694,983 shares during the period. Finally, Demars Financial Group LLC purchased a new position in shares of Realty Income during the fourth quarter valued at $30,817,000. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of O stock opened at $57.26 on Wednesday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The company has a 50-day simple moving average of $57.16 and a 200 day simple moving average of $56.39. The company has a market capitalization of $51.71 billion, a price-to-earnings ratio of 52.05, a PEG ratio of 4.03 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.269 per share. This represents a yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is 293.64%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Scotiabank upped their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. decreased their price target 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. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.

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