XTX Topco Ltd Purchases Shares of 52,298 Realty Income Corporation (NYSE:O)

Key Points

• XTX Topco Ltd has invested approximately $3.03 million in Realty Income Corporation (NYSE:O), acquiring a total of 52,298 shares in the first quarter.
• Realty Income recently announced a dividend of $0.269 per share, with a yield of 5.7%, set to be paid on August 15th.
• The company's recent earnings report showed an EPS of $1.06, meeting expectations, with a 9.5% year-over-year revenue growth to $1.31 billion.

XTX Topco Ltd bought a new position in Realty Income Corporation (NYSE:O - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 52,298 shares of the real estate investment trust's stock, valued at approximately $3,034,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. increased its stake in Realty Income by 29.6% in the first quarter. Federated Hermes Inc. now owns 2,359,129 shares of the real estate investment trust's stock valued at $136,853,000 after purchasing an additional 538,999 shares during the last quarter. N.E.W. Advisory Services LLC boosted its stake in shares of Realty Income by 1.2% during the first 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 during the last quarter. Arcataur Capital Management LLC purchased a new position in Realty Income during the first quarter worth about $472,000. Foundations Investment Advisors LLC raised its holdings in shares of Realty Income by 12.5% in the 1st quarter. Foundations Investment Advisors LLC now owns 9,307 shares of the real estate investment trust's stock worth $540,000 after purchasing an additional 1,031 shares during the period. Finally, Mackenzie Financial Corp raised its position in Realty Income by 19.7% in the first quarter. Mackenzie Financial Corp now owns 123,051 shares of the real estate investment trust's stock valued at $7,138,000 after purchasing an additional 20,214 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 1.0%

Shares of NYSE O traded down $0.55 during midday trading on Wednesday, hitting $56.81. The stock had a trading volume of 3,836,923 shares, compared to its average volume of 4,804,722. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company's 50-day simple moving average is $57.06 and its 200 day simple moving average is $56.28. 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 firm has a market cap of $51.30 billion, a P/E ratio of 51.65, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results 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. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. Research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced 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. This represents a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's payout ratio is 293.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on O. Wedbush reissued a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. UBS Group decreased their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of "Hold" and a consensus price target of $61.15.

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.