4,066 Shares in Realty Income Co. (NYSE:O) Bought by Core Wealth Partners LLC

Core Wealth Partners LLC purchased a new position in Realty Income Co. (NYSE:O) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,066 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. American National Bank purchased a new stake in shares of Realty Income during the fourth quarter worth about $25,000. Vima LLC acquired a new stake in Realty Income during the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC boosted its holdings in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares during the period. CVA Family Office LLC acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $29,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Realty Income in the first quarter valued at about $27,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O traded up $0.02 during midday trading on Thursday, hitting $52.45. 2,125,731 shares of the company traded hands, compared to its average volume of 4,989,946. The firm has a market cap of $45.67 billion, a P/E ratio of 48.56, a PEG ratio of 4.56 and a beta of 0.96. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The stock has a 50-day moving average of $53.57 and a 200-day moving average of $54.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

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

Realty Income Increases Dividend

The company also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.263 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a dividend yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s payout ratio is presently 292.59%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Realty Income Company 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.