Stonebridge Financial Group LLC Acquires 11,350 Shares of Realty Income Corporation (NYSE:O)

Stonebridge Financial Group LLC raised its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 31.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,103 shares of the real estate investment trust's stock after purchasing an additional 11,350 shares during the quarter. Stonebridge Financial Group LLC's holdings in Realty Income were worth $2,732,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in O. Norges Bank purchased a new position in Realty Income during the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. purchased a new position in Realty Income during the fourth quarter valued at approximately $553,572,000. Northern Trust Corp lifted its holdings in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Realty Income by 26.7% during the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 694,983 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on O. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. UBS Group lowered their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Mizuho boosted their target price on shares of 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 issued a buy rating to the company's stock. According to MarketBeat, Realty Income currently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Price Performance

Realty Income stock opened at $57.06 on Friday. The company has a market cap of $51.53 billion, a price-to-earnings ratio of 51.87, a PEG ratio of 3.99 and a beta of 0.76. The firm's fifty day moving average is $56.76 and its 200 day moving average is $55.63. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

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

Realty Income Increases Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. This is an increase from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's dividend payout ratio is presently 292.73%.

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.

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.