Scientech Research LLC Purchases Shares of 19,332 Realty Income Corporation $O

Key Points

• Scientech Research LLC has made a new investment of $1.12 million in Realty Income Corporation, acquiring 19,332 shares during the first quarter.
• Realty Income has recently increased its monthly dividend to $0.269, with an annualized yield of 5.5%, reflecting a positive shift from its previous monthly dividend.
• Analysts hold a consensus rating of "Hold" for Realty Income stock, with a current average target price of $62.00, while some ratings have been lowered from "outperform" to "peer perform."

Scientech Research LLC purchased a new position in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,332 shares of the real estate investment trust's stock, valued at approximately $1,121,000.

Several other institutional investors have also recently added to or reduced their stakes in O. Nuveen LLC acquired a new stake in shares of Realty Income during the first quarter worth $207,573,000. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 3,274,853 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of Realty Income by 27.0% during 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. Raymond James Financial Inc. raised its holdings in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after purchasing an additional 992,303 shares during the period. Finally, GAMMA Investing LLC raised its holdings 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 worth $40,988,000 after purchasing an additional 694,983 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

O stock traded up $0.39 during trading on Thursday, hitting $59.84. The company had a trading volume of 1,618,632 shares, compared to its average volume of 5,483,865. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The firm has a market capitalization of $54.71 billion, a price-to-earnings ratio of 58.11, a P/E/G ratio of 4.55 and a beta of 0.77. The business has a 50 day moving average of $57.82 and a 200 day moving average of $57.03. 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 announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $1.07 EPS. Realty Income's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is currently 313.59%.

Analysts Set New Price Targets

O has been the topic of a number of research reports. 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 report on Thursday, August 28th. Barclays upped their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Mizuho upped their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, UBS Group upped their price target on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Three 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 stock presently has a consensus rating of "Hold" and an average target price of $62.36.

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.