Vident Advisory LLC Increases Stock Holdings in Realty Income Corporation $O

Vident Advisory LLC lifted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,519 shares of the real estate investment trust's stock after buying an additional 5,341 shares during the period. Vident Advisory LLC's holdings in Realty Income were worth $1,248,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of O. Brighton Jones LLC lifted its holdings in Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC bought a new stake in Realty Income during the fourth quarter worth $571,000. Aptus Capital Advisors LLC lifted its holdings in Realty Income by 32.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 8,654 shares of the real estate investment trust's stock worth $462,000 after acquiring an additional 2,135 shares during the period. Ameriprise Financial Inc. lifted its holdings in Realty Income by 2.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,231,942 shares of the real estate investment trust's stock worth $118,485,000 after acquiring an additional 58,991 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in Realty Income by 4,438.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 148,669 shares of the real estate investment trust's stock worth $7,940,000 after acquiring an additional 145,393 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent analyst reports. Barclays lifted their price target on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Scotiabank boosted their target price on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Finally, UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.00.

Realty Income Stock Performance

Shares of O opened at $57.95 on Thursday. The firm has a market cap of $52.98 billion, a PE ratio of 56.26, a PEG ratio of 4.49 and a beta of 0.77. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. 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 stock's fifty day moving average price is $57.66 and its two-hundred day moving average price is $56.91.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. On average, equities research analysts forecast 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 given a $0.269 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. This is a boost from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. Realty Income's dividend payout ratio (DPR) is presently 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.

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