Realty Income Corporation (NYSE:O) Shares Acquired by NFP Retirement Inc.

NFP Retirement Inc. lifted its stake in shares of Realty Income Corporation (NYSE:O) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,164 shares of the real estate investment trust’s stock after acquiring an additional 679 shares during the quarter. NFP Retirement Inc.’s holdings in Realty Income were worth $590,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its position in Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after buying an additional 19,965 shares during the last quarter. Invesco Ltd. grew its position in Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock worth $662,589,000 after buying an additional 48,024 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Realty Income in the first quarter worth approximately $1,470,000. Keyes Stange & Wooten Wealth Management LLC grew its position in Realty Income by 95.1% in the first quarter. Keyes Stange & Wooten Wealth Management LLC now owns 10,319 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 5,031 shares during the last quarter. Finally, Bridgewater Advisors Inc. acquired a new position in Realty Income in the first quarter worth approximately $257,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on O. Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Wedbush restated 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. decreased their price target on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Finally, Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.36.

Realty Income Stock Performance

Shares of O stock opened at $57.94 on Thursday. The stock’s fifty day simple moving average is $57.30 and its 200-day simple moving average is $56.50. The company has a market capitalization of $52.98 billion, a price-to-earnings ratio of 56.25, a P/E/G ratio of 4.58 and a beta of 0.76. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Realty Income 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.