Naviter Wealth LLC Has $2.37 Million Stake in Realty Income Co. (NYSE:O)

Naviter Wealth LLC increased its stake in Realty Income Co. (NYSE:O) by 7.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,636 shares of the real estate investment trust’s stock after purchasing an additional 3,208 shares during the period. Naviter Wealth LLC’s holdings in Realty Income were worth $2,372,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in O. Norges Bank bought a new position in shares of Realty Income in the fourth quarter worth about $506,526,000. Vanguard Group Inc. boosted its position in Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Realty Income by 107.1% during the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after buying an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Realty Income by 213.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after acquiring an additional 1,478,577 shares during the last quarter. Finally, GRS Advisors LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at $58,843,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following 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 legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Realty Income Stock Performance

NYSE:O traded up $0.06 during trading hours on Tuesday, reaching $52.42. The stock had a trading volume of 4,589,121 shares, compared to its average volume of 6,375,106. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a 50 day simple moving average of $53.61 and a 200 day simple moving average of $54.07. The stock has a market cap of $45.65 billion, a P/E ratio of 48.52, a price-to-earnings-growth ratio of 4.60 and a beta of 0.97.

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

Realty Income Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on O shares. Scotiabank raised their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. UBS Group reduced their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Mizuho lifted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.35.

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.