Tempus Wealth Planning LLC Acquires New Shares in Realty Income Corporation (NYSE:O)

Key Points

• Tempus Wealth Planning LLC made a new investment of $332,000 in Realty Income Corporation, buying 5,718 shares of the real estate investment trust (REIT).
• Realty Income announced a dividend of $0.269 per share, yielding 5.7%, with the ex-dividend date set for August 1st.
• Analysts have mixed reviews on Realty Income's stock, with a consensus average rating of "Hold" and a price target of $61.15 following various updates from research firms.

Tempus Wealth Planning LLC purchased a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,718 shares of the real estate investment trust's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PSI Advisors LLC grew its stake in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC grew its stake 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 acquiring an additional 455 shares during the period. Orion Capital Management LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC grew its stake in Realty Income by 52.8% in the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 272 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

O stock traded down $0.12 during midday trading on Friday, hitting $57.90. The company's stock had a trading volume of 4,435,850 shares, compared to its average volume of 5,066,471. The stock's 50-day moving average price is $56.99 and its 200 day moving average price is $56.20. 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 1 year low of $50.71 and a 1 year high of $64.88. The stock has a market cap of $52.29 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 4.06 and a beta of 0.75.

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

Realty Income Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Mizuho raised their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. cut 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, Scotiabank lifted their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.15.

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.