Truvestments Capital LLC Buys 53,477 Shares of Realty Income Corporation $O

Key Points

• Truvestments Capital LLC increased its stake in Realty Income Corporation by 765.3% during the first quarter, acquiring an additional 53,477 shares and bringing its total holdings to 60,465 shares valued at approximately $3.5 million.
• Realty Income has announced a monthly dividend increase to $0.269 per share, representing a yield of 5.5%, which will be paid on September 15th to shareholders of record by September 2nd.
• Analysts have mixed ratings on Realty Income, with three giving it a Buy rating and nine a Hold rating, leading to a consensus price target of $61.82.

Truvestments Capital LLC boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 765.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,465 shares of the real estate investment trust's stock after acquiring an additional 53,477 shares during the period. Truvestments Capital LLC's holdings in Realty Income were worth $3,508,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in O. Norinchukin Bank The lifted its stake in Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock valued at $4,929,000 after buying an additional 7,497 shares during the period. Victory Capital Management Inc. lifted its stake in Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after buying an additional 19,965 shares during the period. Community Bank of Raymore lifted its stake in Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after buying an additional 24,467 shares during the period. Venture Visionary Partners LLC lifted its stake in Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after buying an additional 8,297 shares during the period. Finally, Invesco Ltd. lifted its stake in Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after buying an additional 48,024 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

O opened at $58.19 on Wednesday. The stock's 50 day simple moving average is $57.58 and its 200 day simple moving average is $56.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of 56.49, a PEG ratio of 4.45 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. As a group, analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.269 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio is 313.59%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on O shares. JPMorgan Chase & Co. lowered 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. Scotiabank upped their target price on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. UBS Group upped their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Barclays upped their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Finally, Wedbush reaffirmed a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.82.

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.

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