Realty Income Co. (NYSE:O) Shares Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lifted its position in shares of Realty Income Co. (NYSE:O) by 2.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,257 shares of the real estate investment trust’s stock after buying an additional 531 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Realty Income were worth $1,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank acquired a new position in Realty Income in the 4th quarter valued at about $25,000. Vima LLC acquired a new position in Realty Income in the 4th quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in Realty Income in the 1st quarter valued at about $27,000. Baystate Wealth Management LLC raised its stake in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in Realty Income in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. UBS Group lowered their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. KeyCorp assumed coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $61.35.

Realty Income Stock Performance

Shares of O stock traded down $0.46 on Monday, hitting $52.36. 4,410,530 shares of the stock traded hands, compared to its average volume of 6,389,360. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $45.59 billion, a PE ratio of 48.48, a PEG ratio of 4.60 and a beta of 0.97. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company’s fifty day moving average is $53.63 and its 200 day moving average is $54.11.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. On average, equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a dividend of $0.263 per share. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. This represents a yield of 6%. The ex-dividend date is Monday, July 1st. Realty Income’s dividend payout ratio is presently 291.67%.

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.