Steward Partners Investment Advisory LLC Grows Stake in Realty Income Corporation $O

Steward Partners Investment Advisory LLC increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,934 shares of the real estate investment trust's stock after acquiring an additional 30,552 shares during the period. Steward Partners Investment Advisory LLC's holdings in Realty Income were worth $14,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC boosted its position in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the period. Orion Capital Management LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC boosted its position in shares of Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 272 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on O shares. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Scotiabank boosted their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Stifel Nicolaus boosted 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. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, UBS Group boosted their price target on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.73.

Realty Income Stock Performance

Shares of NYSE:O opened at $58.40 on Monday. The company has a market capitalization of $53.40 billion, a price-to-earnings ratio of 56.70, a price-to-earnings-growth ratio of 4.47 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 quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $57.39 and a 200 day moving average of $56.57.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Realty Income's previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Realty Income's payout ratio is currently 313.59%.

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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.