Realty Income Corporation (NYSE:O) Holdings Boosted by Altman Advisors Inc.

Altman Advisors Inc. boosted its position in shares of Realty Income Corporation (NYSE:O) by 85.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,285 shares of the real estate investment trust’s stock after purchasing an additional 13,969 shares during the period. Altman Advisors Inc.’s holdings in Realty Income were worth $1,752,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the period. Natixis Advisors LLC boosted its position in Realty Income by 18.3% during the 4th quarter. Natixis Advisors LLC now owns 357,639 shares of the real estate investment trust’s stock worth $19,101,000 after acquiring an additional 55,296 shares during the period. Cibc World Markets Corp boosted its position in Realty Income by 12.7% during the 4th quarter. Cibc World Markets Corp now owns 392,563 shares of the real estate investment trust’s stock worth $20,967,000 after acquiring an additional 44,240 shares during the period. Signaturefd LLC boosted its position in Realty Income by 3.9% during the 4th quarter. Signaturefd LLC now owns 27,620 shares of the real estate investment trust’s stock worth $1,475,000 after acquiring an additional 1,042 shares during the period. Finally, Mystic Asset Management Inc. boosted its position in Realty Income by 11.9% during the 4th quarter. Mystic Asset Management Inc. now owns 29,428 shares of the real estate investment trust’s stock worth $1,572,000 after acquiring an additional 3,130 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 3.4%

Shares of Realty Income stock opened at $56.68 on Wednesday. The firm has a market cap of $51.19 billion, a price-to-earnings ratio of 51.53, a P/E/G ratio of 4.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The stock has a 50-day simple moving average of $56.77 and a 200-day simple moving average of $55.96.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 293.64%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays restated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Stifel Nicolaus raised their price objective on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $61.15.

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.