12,104 Shares in Realty Income Co. (NYSE:O) Bought by Summit Global Investments

Summit Global Investments purchased a new position in Realty Income Co. (NYSE:O - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,104 shares of the real estate investment trust's stock, valued at approximately $702,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tcfg Wealth Management LLC lifted its holdings in Realty Income by 2.9% during the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 186 shares during the last quarter. Smith Moore & CO. lifted its position in shares of Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 201 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Realty Income by 11.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 218 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of Realty Income by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 229 shares in the last quarter. Finally, Yoder Wealth Management Inc. lifted its position in shares of Realty Income by 5.5% during the fourth quarter. Yoder Wealth Management Inc. now owns 4,529 shares of the real estate investment trust's stock worth $242,000 after purchasing an additional 236 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on O. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. UBS Group cut their price objective 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. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Royal Bank of Canada cut their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Up 0.4%

Shares of O stock traded up $0.25 during trading hours on Friday, hitting $56.61. 9,965,391 shares of the company were exchanged, compared to its average volume of 5,195,409. The business has a 50 day moving average of $56.21 and a two-hundred day moving average of $55.59. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a market capitalization of $51.12 billion, a PE ratio of 53.91, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm's revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income's dividend payout ratio is 292.73%.

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.