Phillips Wealth Planners LLC Acquires 525 Shares of Realty Income Corporation (NYSE:O)

Phillips Wealth Planners LLC boosted its holdings in Realty Income Corporation (NYSE:O) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,541 shares of the real estate investment trust’s stock after purchasing an additional 525 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Realty Income were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new stake in Realty Income in the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income in the fourth quarter valued at approximately $29,000. PSI Advisors LLC grew its stake in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares during the period. Millstone Evans Group LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the fourth quarter valued at approximately $34,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Down 1.5%

O stock opened at $57.11 on Thursday. The stock’s fifty day simple moving average is $56.80 and its two-hundred day simple moving average is $55.62. 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 Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock has a market cap of $51.57 billion, a P/E ratio of 51.92, a P/E/G ratio of 4.05 and a beta of 0.76.

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

Realty Income Increases Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.269 dividend. The ex-dividend date is Tuesday, July 1st. This represents a yield of 5.6%. This is a boost from Realty Income’s previous jul 25 dividend of $0.27. Realty Income’s payout ratio is currently 292.73%.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research reports. Wedbush reissued a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group cut their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada decreased their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Scotiabank upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Finally, Barclays reiterated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.15.

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.