WealthShield Partners LLC Purchases 4,906 Shares of Realty Income Corporation (NYSE:O)

Key Points

• WealthShield Partners LLC increased its stake in Realty Income Corporation by 19.9%, acquiring an additional 4,906 shares, bringing its total holdings to 29,513 shares valued at approximately $1.71 million.
• Analysts have mixed opinions on Realty Income, with several firms adjusting their price targets; the average target is now $61.15 and the stock is generally rated as a "Hold."
• Realty Income is set to pay a dividend of $0.269 per share on August 15th, reflecting a dividend yield of 570.0% and a payout ratio of 293.64%.

WealthShield Partners LLC lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 19.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,513 shares of the real estate investment trust's stock after purchasing an additional 4,906 shares during the period. WealthShield Partners LLC's holdings in Realty Income were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. PSI Advisors LLC grew its position in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after buying an additional 252 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Realty Income during the fourth quarter worth approximately $34,000. FSC Wealth Advisors LLC grew its position in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after buying an additional 455 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Realty Income during the fourth quarter worth approximately $37,000. Finally, CVA Family Office LLC grew its position in Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after buying an additional 272 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

O has been the topic of a number of analyst reports. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. reduced their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. UBS Group reduced their price target 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. Wedbush reissued a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Trading Down 0.3%

NYSE O opened at $57.26 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a market cap of $51.71 billion, a price-to-earnings ratio of 52.05, a price-to-earnings-growth ratio of 4.03 and a beta of 0.76. The business's fifty day moving average is $57.16 and its 200 day moving average is $56.39.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting 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 the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $1.03 EPS. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

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 issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio (DPR) is 293.64%.

Realty Income Company 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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