United Asset Strategies Inc. Increases Stake in Realty Income Corporation $O

Key Points

• United Asset Strategies Inc. increased its holdings in Realty Income Corporation by 9.0%, purchasing an additional 10,213 shares and raising its total to 123,226 shares valued at $7,148,000.
• Realty Income recently increased its monthly dividend to $0.269 per share, reflecting a yield of 5.4%, up from its previous monthly dividend of $0.26.
• Wall Street analysts have a consensus rating of "Hold" on Realty Income stock, with an average target price of $61.82, amid mixed ratings from various brokerages.

United Asset Strategies Inc. boosted its holdings in Realty Income Corporation (NYSE:O - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,226 shares of the real estate investment trust's stock after purchasing an additional 10,213 shares during the period. United Asset Strategies Inc.'s holdings in Realty Income were worth $7,148,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC raised its position in Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after acquiring an additional 186 shares during the period. Associated Banc Corp increased its stake in shares of Realty Income by 1.9% during the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock worth $595,000 after purchasing an additional 192 shares during the last quarter. Kentucky Trust Co raised its holdings in shares of Realty Income by 2.6% in the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Realty Income by 1.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after purchasing an additional 241 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its stake in Realty Income by 0.7% in the first quarter. Alliance Wealth Advisors LLC UT now owns 36,915 shares of the real estate investment trust's stock valued at $2,141,000 after purchasing an additional 247 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on O. JPMorgan Chase & Co. decreased their target price on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Stifel Nicolaus lifted their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Scotiabank boosted their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Barclays upped their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Wedbush reiterated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $61.82.

Realty Income Price Performance

Shares of O stock traded down $0.7130 during trading hours on Friday, reaching $58.8670. The stock had a trading volume of 7,645,195 shares, compared to its average volume of 4,954,309. The stock's fifty day simple moving average is $57.55 and its 200 day simple moving average is $56.70. The firm has a market capitalization of $53.82 billion, a PE ratio of 57.15, a PEG ratio of 4.55 and a beta of 0.76. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results 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 firm had revenue of $1.34 billion for 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%.The business's revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. On average, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders 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 payout ratio is currently 313.59%.

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.