Realty Income Co. (NYSE:O) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its position in shares of Realty Income Co. (NYSE:O) by 74.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,825 shares of the real estate investment trust’s stock after buying an additional 12,258 shares during the quarter. Apollon Wealth Management LLC’s holdings in Realty Income were worth $1,655,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in O. Vanguard Group Inc. grew its holdings in shares of Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after purchasing an additional 4,172,231 shares during the period. Envestnet Asset Management Inc. lifted its position in Realty Income by 69.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock valued at $95,995,000 after buying an additional 785,476 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Realty Income by 10,591.3% during the fourth quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock worth $35,753,000 after buying an additional 616,837 shares during the period. UBS Group AG increased its position in shares of Realty Income by 56.1% during the third quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock valued at $70,707,000 after acquiring an additional 508,933 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Realty Income by 5.2% in the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after acquiring an additional 452,046 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of NYSE:O traded down $0.23 on Wednesday, reaching $54.79. 1,932,312 shares of the company were exchanged, compared to its average volume of 6,783,363. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a 50-day moving average of $52.94 and a 200-day moving average of $53.74. The firm has a market cap of $47.18 billion, a price-to-earnings ratio of 43.44, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last issued its earnings results 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). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Analyst Ratings Changes

O has been the subject of a number of research analyst reports. BMO Capital Markets started coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.96.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The shares were 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 owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.