Venture Visionary Partners LLC Buys 8,297 Shares of Realty Income Corporation $O

Key Points

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Venture Visionary Partners LLC grew its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 142,496 shares of the real estate investment trust's stock after acquiring an additional 8,297 shares during the period. Venture Visionary Partners LLC's holdings in Realty Income were worth $8,266,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Realty Income by 5.3% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,173 shares of the real estate investment trust's stock valued at $1,169,000 after acquiring an additional 1,014 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Realty Income by 922.5% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 330,364 shares of the real estate investment trust's stock valued at $19,164,000 after acquiring an additional 298,055 shares during the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of Realty Income by 2.5% during the first quarter. Legacy Financial Advisors Inc. now owns 14,718 shares of the real estate investment trust's stock valued at $854,000 after acquiring an additional 361 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Realty Income during the first quarter worth $77,000. Finally, Wellington Management Group LLP increased its position in shares of Realty Income by 10.7% during the first quarter. Wellington Management Group LLP now owns 204,821 shares of the real estate investment trust's stock worth $11,882,000 after buying an additional 19,810 shares during the period. Institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Stifel Nicolaus increased their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wedbush reiterated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Barclays increased their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.82.

Realty Income Stock Down 1.2%

Shares of NYSE O traded down $0.7130 during mid-day trading on Friday, reaching $58.8670. 7,638,262 shares of the company's stock traded hands, compared to its average volume of 5,528,107. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50-day simple moving average of $57.52 and a 200 day simple moving average of $56.66. 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 $53.82 billion, a P/E ratio of 57.15, a PEG ratio of 4.58 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last released its quarterly 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). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Realty Income's previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Realty Income's payout ratio is 312.62%.

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.