Vision Financial Markets LLC Purchases 10,400 Shares of Realty Income Corporation (NYSE:O)

Key Points

• Vision Financial Markets LLC significantly increased its holdings in Realty Income Corporation by 945.5%, acquiring an additional 10,400 shares during the first quarter, bringing its total to 11,500 shares valued at approximately $667,000.
• Several institutional investors, including Northern Trust Corp and Price T Rowe Associates, also enhanced their positions in Realty Income, reflecting a growing confidence in the stock among large investors.
• Currently, Realty Income has a consensus rating of "Hold" with an average target price of $61.15, while its shares recently opened at $57.47.

Vision Financial Markets LLC boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 945.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,500 shares of the real estate investment trust's stock after purchasing an additional 10,400 shares during the quarter. Realty Income makes up 0.7% of Vision Financial Markets LLC's investment portfolio, making the stock its 28th largest position. Vision Financial Markets LLC's holdings in Realty Income were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in O. N.E.W. Advisory Services LLC raised its holdings in shares of Realty Income by 1.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock valued at $899,000 after acquiring an additional 186 shares in the last quarter. Associated Banc Corp raised its stake in Realty Income by 1.9% in the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after purchasing an additional 192 shares in the last quarter. Smith Moore & CO. raised its stake in Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 201 shares in the last quarter. Kentucky Trust Co lifted its position in Realty Income by 2.6% during the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after purchasing an additional 225 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Realty Income by 1.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.7%

Realty Income stock traded up $0.40 during trading hours on Friday, reaching $57.49. The company had a trading volume of 3,301,768 shares, compared to its average volume of 5,546,612. The firm has a market cap of $51.91 billion, a price-to-earnings ratio of 55.81, a P/E/G ratio of 3.99 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 debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company has a 50-day moving average price of $57.20 and a 200 day moving average price of $56.41.

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 EPS for the quarter, missing the consensus estimate 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 net margin of 16.77% and a return on equity of 2.35%. 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 earnings per share. Equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a yield of 570.0%. Realty Income's payout ratio is 293.64%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. UBS Group reduced their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.36.

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.