Abundance Wealth Counselors Boosts Stock Holdings in Realty Income Corporation (NYSE:O)

Abundance Wealth Counselors increased its position in shares of Realty Income Corporation (NYSE:O) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,655 shares of the real estate investment trust’s stock after purchasing an additional 1,795 shares during the period. Abundance Wealth Counselors’ holdings in Realty Income were worth $966,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after buying an additional 555,908 shares during the period. Geode Capital Management LLC grew its position in Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after buying an additional 658,240 shares during the period. Northern Trust Corp grew its position in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after buying an additional 3,834,403 shares during the period. Norges Bank acquired a new position in Realty Income during the fourth quarter worth about $624,666,000. Finally, Raymond James Financial Inc. acquired a new position in Realty Income during the fourth quarter worth about $553,572,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on O shares. Wedbush restated a “neutral” rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Barclays reissued an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Royal Bank Of Canada cut their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Finally, Mizuho raised their target price on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.15.

Realty Income Price Performance

O opened at $57.55 on Friday. The company has a fifty day simple moving average of $56.70 and a 200 day simple moving average of $55.57. The firm has a market cap of $51.98 billion, a price-to-earnings ratio of 52.32, a PEG ratio of 4.02 and a beta of 0.76. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 18.15% and a return on equity of 2.51%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This represents a yield of 5.6%. This is a positive change from Realty Income’s previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

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.