WealthPlan Investment Management LLC Grows Holdings in Realty Income Corporation (NYSE:O)

Key Points

• WealthPlan Investment Management LLC has increased its holdings in Realty Income Corporation by 7.3%, owning 138,934 shares valued at approximately $8.06 million.
• Institutional investors control 70.81% of Realty Income's stock, with Vanguard Group holding the largest stake at over $8.26 billion after increasing its shares.
• Realty Income recently declared a dividend of $0.269 per share, with a yield of 570.0%, and reported a quarterly earnings miss of 1 cent per share compared to estimates.

WealthPlan Investment Management LLC grew its holdings in Realty Income Corporation (NYSE:O - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,934 shares of the real estate investment trust's stock after purchasing an additional 9,393 shares during the period. WealthPlan Investment Management LLC's holdings in Realty Income were worth $8,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after purchasing an additional 3,274,853 shares in the last quarter. Northern Trust Corp boosted its position in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Realty Income by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after purchasing an additional 123,501 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Realty Income by 27.0% during the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after purchasing an additional 1,055,840 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Realty Income by 2.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock worth $230,663,000 after acquiring an additional 110,694 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the subject of a number of research reports. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Wedbush reaffirmed a "neutral" rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target 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. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $61.36.

Realty Income Price Performance

O stock opened at $56.95 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $51.43 billion, a PE ratio of 51.77, a P/E/G ratio of 4.01 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 business's fifty day moving average price is $57.18 and its 200 day moving average price is $56.39.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. Realty Income's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

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