EverSource Wealth Advisors LLC Raises Position in Realty Income Co. (NYSE:O)

EverSource Wealth Advisors LLC grew its position in Realty Income Co. (NYSE:O) by 654.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,215 shares of the real estate investment trust’s stock after acquiring an additional 4,524 shares during the period. EverSource Wealth Advisors LLC’s holdings in Realty Income were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank acquired a new stake in shares of Realty Income in the fourth quarter valued at about $25,000. Vima LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $25,000. WASHINGTON TRUST Co lifted its stake in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares during the period. Northwest Investment Counselors LLC acquired a new position in Realty Income during the first quarter worth about $27,000. Finally, Baystate Wealth Management LLC lifted 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 purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 2.3 %

Shares of Realty Income stock traded up $1.31 during trading hours on Friday, hitting $59.32. The company’s stock had a trading volume of 8,459,441 shares, compared to its average volume of 4,528,689. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $60.25. The business has a fifty day moving average of $54.41 and a 200 day moving average of $53.77. The company has a market capitalization of $51.65 billion, a PE ratio of 54.93, a P/E/G ratio of 5.05 and a beta of 0.96. 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 (NYSE:O) last released 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). 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.98 EPS. Realty Income’s revenue was up 33.5% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current 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. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Scotiabank upped their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. UBS Group upped their price target on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Mizuho upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.88.

About Realty Income

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.