Gilman Hill Asset Management LLC Raises Stock Holdings in Realty Income Co. (NYSE:O)

Gilman Hill Asset Management LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 4,164.4% during the first quarter, Holdings Channel reports. The fund owned 182,984 shares of the real estate investment trust’s stock after buying an additional 178,693 shares during the period. Realty Income comprises about 1.8% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Gilman Hill Asset Management LLC’s holdings in Realty Income were worth $10,615,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Realty Income in the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income in the fourth quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $34,000. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.15.

Realty Income Stock Performance

Shares of Realty Income stock opened at $55.99 on Thursday. 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 firm has a market capitalization of $50.56 billion, a P/E ratio of 53.32, a P/E/G ratio of 2.10 and a beta of 0.78. The business has a fifty day simple moving average of $56.20 and a two-hundred day simple moving average of $55.59. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business 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 2.35% and a net margin of 17.57%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 5.8%. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

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.