Realty Income Corporation (NYSE:O) Position Boosted by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC raised its holdings in shares of Realty Income Corporation (NYSE:O) by 11.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,506 shares of the real estate investment trust’s stock after buying an additional 792 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Realty Income were worth $435,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in O. Northern Trust Corp boosted 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 valued at $701,792,000 after purchasing an additional 3,834,403 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Realty Income by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust’s stock valued at $230,663,000 after buying an additional 110,694 shares in the last quarter. Royal Bank of Canada increased its holdings in Realty Income by 6.5% in the fourth quarter. Royal Bank of Canada now owns 3,174,507 shares of the real estate investment trust’s stock worth $169,551,000 after buying an additional 193,013 shares during the last quarter. Lasalle Investment Management Securities LLC raised its position in Realty Income by 8.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 2,432,712 shares of the real estate investment trust’s stock valued at $129,931,000 after acquiring an additional 192,749 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in Realty Income by 29.6% in the first quarter. Federated Hermes Inc. now owns 2,359,129 shares of the real estate investment trust’s stock worth $136,853,000 after acquiring an additional 538,999 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. UBS Group reduced their price objective on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Finally, Stifel Nicolaus lifted their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.15.

Realty Income Stock Up 0.7%

O stock opened at $56.54 on Friday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a market cap of $51.06 billion, a price-to-earnings ratio of 51.40, a P/E/G ratio of 3.94 and a beta of 0.76. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $57.10 and a two-hundred day moving average price of $56.33.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. Analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. This represents a yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income’s payout ratio is presently 293.64%.

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.