Spirepoint Private Client LLC Buys New Position in Realty Income Co. (NYSE:O)

Spirepoint Private Client LLC purchased a new position in Realty Income Co. (NYSE:O) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,140 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also modified their holdings of O. SVB Wealth LLC grew its stake in shares of Realty Income by 53.8% during the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 2,677 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Realty Income in the fourth quarter worth $379,000. Dynamic Advisor Solutions LLC raised its position in shares of Realty Income by 82.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 5,231 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Realty Income by 15.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after buying an additional 22,440 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Realty Income by 4.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after buying an additional 51,574 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.3 %

Shares of NYSE:O traded down $0.15 during trading on Friday, reaching $57.58. The company’s stock had a trading volume of 3,722,330 shares, compared to its average volume of 5,146,351. The stock has a market capitalization of $50.14 billion, a PE ratio of 53.31, a price-to-earnings-growth ratio of 5.01 and a beta of 0.96. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm’s 50 day simple moving average is $53.70 and its two-hundred day simple moving average is $53.83.

Realty Income (NYSE:O) last posted its quarterly earnings data 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. On average, research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 292.59%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on O. UBS Group boosted their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday. Scotiabank upped 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. KeyCorp began coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Mizuho boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.88.

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.