CoreCap Advisors LLC Buys 31,653 Shares of Realty Income Co. (NYSE:O)

CoreCap Advisors LLC increased its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 1,470.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,806 shares of the real estate investment trust's stock after purchasing an additional 31,653 shares during the period. CoreCap Advisors LLC's holdings in Realty Income were worth $1,806,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tcfg Wealth Management LLC grew its holdings in shares of Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 186 shares during the last quarter. Romano Brothers AND Company raised its holdings in Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock valued at $544,000 after buying an additional 200 shares during the last quarter. Bay Rivers Group boosted its position in Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after buying an additional 200 shares during the period. Smith Moore & CO. grew its holdings in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 201 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Realty Income by 11.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Up 0.9 %

NYSE O traded up $0.50 on Friday, hitting $56.75. 3,633,607 shares of the company were exchanged, compared to its average volume of 5,181,400. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $50.61 billion, a PE ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78. The stock has a fifty day moving average of $56.55 and a 200-day moving average of $55.99.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. As a group, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's payout ratio is currently 292.73%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday. Stifel Nicolaus upped their target price on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $61.77.

About Realty Income

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.