Realty Income Co. (NYSE:O) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 513,703 shares of the real estate investment trust’s stock after buying an additional 45,930 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of Realty Income worth $27,791,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Realty Income by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 1,200,437 shares of the real estate investment trust’s stock valued at $64,944,000 after buying an additional 462,991 shares in the last quarter. Blue Trust Inc. grew its position in Realty Income by 108.8% in the first quarter. Blue Trust Inc. now owns 22,460 shares of the real estate investment trust’s stock valued at $1,215,000 after acquiring an additional 11,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Realty Income by 27.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,159 shares of the real estate investment trust’s stock valued at $10,280,000 after purchasing an additional 38,938 shares during the period. Prosperity Consulting Group LLC acquired a new position in shares of Realty Income during the first quarter worth $3,325,000. Finally, Retirement Group LLC lifted its position in shares of Realty Income by 1.4% during the first quarter. Retirement Group LLC now owns 14,853 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 210 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on O. KeyCorp initiated coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Mizuho lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. UBS Group reduced 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. Finally, Scotiabank lifted their price objective on Realty Income from $54.00 to $56.00 and gave the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.35.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was 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 directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.64 on Friday, reaching $53.09. 3,378,469 shares of the company’s stock were exchanged, compared to its average volume of 4,692,231. The business’s 50-day moving average is $53.53 and its two-hundred day moving average is $53.99. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The firm has a market capitalization of $46.23 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 4.56 and a beta of 0.96.

Realty Income (NYSE:O) last released its quarterly earnings data 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). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.98 EPS. Realty Income’s revenue was up 33.5% compared to the same quarter last year. As a group, equities research analysts forecast that Realty Income Co. will post 4.2 EPS for the current 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 given a dividend of $0.263 per share. 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 dividend payout ratio is currently 292.59%.

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.