Geneos Wealth Management Inc. Raises Position in Realty Income Co. (NYSE:O)

Geneos Wealth Management Inc. grew its position in shares of Realty Income Co. (NYSE:O) by 10.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,804 shares of the real estate investment trust’s stock after acquiring an additional 712 shares during the period. Geneos Wealth Management Inc.’s holdings in Realty Income were worth $422,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Csenge Advisory Group lifted its position in Realty Income by 31.1% during the 1st quarter. Csenge Advisory Group now owns 6,135 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 1,456 shares during the period. Signaturefd LLC increased its stake in shares of Realty Income by 22.4% during the first quarter. Signaturefd LLC now owns 22,335 shares of the real estate investment trust’s stock valued at $1,208,000 after purchasing an additional 4,089 shares in the last quarter. FDx Advisors Inc. lifted its holdings in shares of Realty Income by 13.5% during the first quarter. FDx Advisors Inc. now owns 38,968 shares of the real estate investment trust’s stock valued at $2,108,000 after purchasing an additional 4,649 shares during the last quarter. Gold Investment Management Ltd. boosted its position in shares of Realty Income by 1.3% in the 1st quarter. Gold Investment Management Ltd. now owns 63,292 shares of the real estate investment trust’s stock worth $3,424,000 after purchasing an additional 827 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Realty Income by 123.3% in the 1st quarter. Larson Financial Group LLC now owns 5,441 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 3,004 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Realty Income Stock Performance

NYSE:O traded up $1.42 during trading hours on Thursday, reaching $55.00. The company had a trading volume of 5,887,660 shares, compared to its average volume of 6,264,432. The firm’s 50 day moving average price is $53.48 and its 200-day moving average price is $53.89. The firm has a market cap of $47.89 billion, a price-to-earnings ratio of 50.91, a PEG ratio of 4.63 and a beta of 0.96. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. On average, analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is 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.