Sunbelt Securities Inc. Has $581,000 Position in Realty Income Corporation (NYSE:O)

Sunbelt Securities Inc. lowered its position in Realty Income Corporation (NYSE:O - Free Report) by 31.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,017 shares of the real estate investment trust's stock after selling 4,645 shares during the quarter. Sunbelt Securities Inc.'s holdings in Realty Income were worth $581,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Realty Income during the 4th quarter worth about $624,666,000. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth about $553,572,000. Northern Trust Corp lifted its stake in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after buying an additional 811,037 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Realty Income by 6,002.1% during the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after buying an additional 694,983 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Price Performance

O stock opened at $57.06 on Friday. 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 12 month low of $50.71 and a 12 month high of $64.88. The firm has a market cap of $51.53 billion, a P/E ratio of 51.87, a P/E/G ratio of 3.99 and a beta of 0.76. The company's 50-day moving average price is $56.76 and its two-hundred day moving average price is $55.63.

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

Realty Income Increases Dividend

The company also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is currently 292.73%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Scotiabank raised 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income 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.

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