Tectonic Advisors LLC Increases Holdings in Realty Income Corporation (NYSE:O)

Tectonic Advisors LLC raised its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 10.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,378 shares of the real estate investment trust's stock after acquiring an additional 13,068 shares during the quarter. Tectonic Advisors LLC's holdings in Realty Income were worth $8,201,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $28,000. PSI Advisors LLC raised its stake in Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $34,000. Fourth Dimension Wealth LLC bought a new position in shares of Realty Income during the fourth quarter worth about $34,000. Finally, FSC Wealth Advisors LLC grew its position in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

O has been the subject of a number of research analyst reports. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday. Stifel Nicolaus lifted their price objective 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 research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, UBS Group lowered their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average target price of $61.15.

Realty Income Stock Performance

Realty Income stock traded up $0.13 during trading on Wednesday, reaching $56.79. The company had a trading volume of 5,287,866 shares, compared to its average volume of 5,299,941. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $51.28 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 3.97 and a beta of 0.75. The firm's 50-day simple moving average is $56.78 and its 200 day simple moving average is $55.97.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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 business 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 EPS. The business's revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's payout ratio is presently 293.64%.

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.