Raymond James & Associates Has $103.12 Million Stock Holdings in Realty Income Co. (NYSE:O)

Raymond James & Associates boosted its position in Realty Income Co. (NYSE:O - Free Report) by 56.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,906,098 shares of the real estate investment trust's stock after purchasing an additional 684,637 shares during the period. Raymond James & Associates owned about 0.22% of Realty Income worth $103,120,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of O. Commonwealth Equity Services LLC raised its holdings in Realty Income by 2.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 390,551 shares of the real estate investment trust's stock valued at $19,504,000 after acquiring an additional 9,964 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Realty Income by 0.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 129,753 shares of the real estate investment trust's stock worth $6,480,000 after purchasing an additional 500 shares during the period. Chevy Chase Trust Holdings LLC increased its holdings in shares of Realty Income by 2.9% during the third quarter. Chevy Chase Trust Holdings LLC now owns 398,411 shares of the real estate investment trust's stock worth $19,897,000 after purchasing an additional 11,121 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Realty Income by 1.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 429,522 shares of the real estate investment trust's stock worth $21,450,000 after purchasing an additional 5,867 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of Realty Income by 59.2% during the third quarter. Kingswood Wealth Advisors LLC now owns 7,909 shares of the real estate investment trust's stock worth $395,000 after purchasing an additional 2,942 shares during the period. 70.81% of the stock is owned by institutional investors.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. Mizuho lowered their target price on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, March 7th. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a "market perform" rating and a $57.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, January 11th. Finally, StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.96.

Realty Income Price Performance

Realty Income stock traded up $0.99 during mid-day trading on Thursday, reaching $54.91. The company had a trading volume of 5,842,635 shares, compared to its average volume of 6,819,636. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two 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 company has a market cap of $47.29 billion, a P/E ratio of 43.58, a P/E/G ratio of 5.56 and a beta of 0.92. The business has a fifty day simple moving average of $52.78 and a 200 day simple moving average of $53.58.

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

Realty Income Dividend Announcement

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

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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