Shufro Rose & Co. LLC Acquires 5,200 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Shufro Rose & Co. LLC increased its stake in Realty Income Corporation by 11.2% during the first quarter, owning 51,450 shares valued at approximately $2.98 million.
• A significant number of institutional investors have also raised their holdings, with PSI Advisors LLC increasing by 78.3% and FSC Wealth Advisors LLC by 288.0% in the same period.
• Realty Income's recent dividend announcement includes a payment of $0.269 per share, reflecting a yield of 570.0% with a payout ratio of 293.64%.

Shufro Rose & Co. LLC raised its stake in Realty Income Corporation (NYSE:O - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,450 shares of the real estate investment trust's stock after buying an additional 5,200 shares during the period. Shufro Rose & Co. LLC's holdings in Realty Income were worth $2,985,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in O. N.E.W. Advisory Services LLC lifted its holdings in Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock valued at $899,000 after buying an additional 186 shares during the period. Smith Moore & CO. raised its holdings in shares of Realty Income by 4.8% in the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 201 shares during the last quarter. Kentucky Trust Co raised its holdings in shares of Realty Income by 2.6% in the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after acquiring an additional 225 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Realty Income by 1.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares in the last quarter. Finally, PSI Advisors LLC boosted its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on O. UBS Group lowered their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank increased their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Up 0.7%

Realty Income stock traded up $0.41 during trading hours on Friday, reaching $56.54. The stock had a trading volume of 7,979,999 shares, compared to its average volume of 5,024,796. The stock has a market cap of $51.06 billion, a PE ratio of 51.40, a PEG ratio of 3.97 and a beta of 0.76. 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 current ratio of 1.74 and a quick ratio of 1.74. The company has a fifty day simple moving average of $57.10 and a 200-day simple moving average of $56.33.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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