Realty Income Co. (NYSE:O) Stake Boosted by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA lifted its stake in Realty Income Co. (NYSE:O) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,900 shares of the real estate investment trust’s stock after acquiring an additional 700 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Realty Income were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. EP Wealth Advisors LLC increased its holdings in Realty Income by 17.6% in the first quarter. EP Wealth Advisors LLC now owns 18,574 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 2,776 shares during the last quarter. CreativeOne Wealth LLC increased its stake in shares of Realty Income by 135.7% during the 1st quarter. CreativeOne Wealth LLC now owns 16,432 shares of the real estate investment trust’s stock worth $889,000 after purchasing an additional 9,461 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of Realty Income during the 1st quarter valued at $420,000. Mattern Capital Management LLC lifted its stake in shares of Realty Income by 12.5% in the 1st quarter. Mattern Capital Management LLC now owns 129,528 shares of the real estate investment trust’s stock valued at $7,007,000 after purchasing an additional 14,354 shares during the last quarter. Finally, Castle Hook Partners LP bought a new stake in Realty Income in the first quarter worth $13,128,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. KeyCorp began coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Mizuho increased 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. Finally, Scotiabank raised 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 report on Thursday, May 16th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.88.

Realty Income Trading Up 1.2 %

NYSE:O traded up $0.71 during trading hours on Friday, hitting $58.07. The stock had a trading volume of 3,119,527 shares, compared to its average volume of 6,122,231. The business’s 50 day moving average is $53.89 and its 200-day moving average is $53.85. The company has a market cap of $50.57 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 4.98 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 company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83.

Realty Income (NYSE:O) last released its quarterly earnings results 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). 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 period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. Sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

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.