Wealthfront Advisers LLC Buys 76,628 Shares of Realty Income Corporation (NYSE:O)

Wealthfront Advisers LLC lifted its holdings in Realty Income Corporation (NYSE:O - Free Report) by 53.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,921 shares of the real estate investment trust's stock after acquiring an additional 76,628 shares during the period. Wealthfront Advisers LLC's holdings in Realty Income were worth $12,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in O. Mosaic Family Wealth Partners LLC lifted its position in shares of Realty Income by 4.7% in the first quarter. Mosaic Family Wealth Partners LLC now owns 12,916 shares of the real estate investment trust's stock worth $749,000 after buying an additional 579 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Realty Income in the first quarter worth about $701,000. Hager Investment Management Services LLC lifted its position in shares of Realty Income by 21.4% in the first quarter. Hager Investment Management Services LLC now owns 13,308 shares of the real estate investment trust's stock worth $772,000 after buying an additional 2,344 shares in the last quarter. Leo Wealth LLC lifted its position in shares of Realty Income by 10.2% in the first quarter. Leo Wealth LLC now owns 5,915 shares of the real estate investment trust's stock worth $343,000 after buying an additional 548 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Realty Income by 22.9% in the first quarter. Dakota Wealth Management now owns 73,871 shares of the real estate investment trust's stock worth $4,285,000 after buying an additional 13,764 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on O shares. Scotiabank boosted 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. Wedbush restated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Stifel Nicolaus upped their price objective on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Realty Income currently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Trading Up 0.2%

Shares of O traded up $0.14 during mid-day trading on Friday, reaching $56.50. 1,312,006 shares of the company's stock traded hands, compared to its average volume of 5,281,133. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a market cap of $51.02 billion, a P/E ratio of 51.44, a P/E/G ratio of 3.98 and a beta of 0.75. The stock's 50-day moving average is $56.78 and its two-hundred day moving average is $56.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Realty Income's revenue was up 9.5% compared to the same quarter last year. Research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is currently 293.64%.

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.