PFG Investments LLC Has $1.78 Million Stake in Realty Income Co. (NYSE:O)

PFG Investments LLC increased its position in Realty Income Co. (NYSE:O - Free Report) by 189.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,871 shares of the real estate investment trust's stock after buying an additional 21,505 shares during the period. PFG Investments LLC's holdings in Realty Income were worth $1,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in O. SVB Wealth LLC boosted its stake in shares of Realty Income by 53.8% during the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust's stock worth $440,000 after acquiring an additional 2,677 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Realty Income by 82.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust's stock valued at $670,000 after purchasing an additional 5,231 shares during the last quarter. LexAurum Advisors LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $203,000. Vest Financial LLC lifted its stake in shares of Realty Income by 50.3% in the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust's stock worth $31,037,000 after buying an additional 180,974 shares during the last quarter. Finally, Sowell Financial Services LLC lifted its stake in shares of Realty Income by 21.0% in the fourth quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust's stock worth $1,224,000 after buying an additional 3,681 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

NYSE O traded down $0.09 on Friday, reaching $53.71. The company's stock had a trading volume of 6,861,575 shares, compared to its average volume of 5,076,704. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a market cap of $46.25 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 5.58 and a beta of 0.92. The business has a 50-day moving average price of $52.65 and a 200 day moving average price of $53.50.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 earnings per share. Sell-side analysts expect that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income's payout ratio is presently 244.45%.

Wall Street Analysts Forecast Growth

O has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 target price on the stock. Royal Bank of Canada increased their target price on Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, January 11th. Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 21st. StockNews.com raised Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Finally, Mizuho cut their target price on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $60.96.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company's stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by corporate insiders.

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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