Realty Income Corporation $O Stock Position Raised by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lifted its stake in Realty Income Corporation (NYSE:O) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,718 shares of the real estate investment trust’s stock after acquiring an additional 361 shares during the period. Legacy Financial Advisors Inc.’s holdings in Realty Income were worth $854,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in O. Vanguard Group Inc. increased its position in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after buying an additional 3,274,853 shares during the period. Northern Trust Corp grew its holdings in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust’s stock worth $702,381,000 after purchasing an additional 451,307 shares in the last quarter. Invesco Ltd. boosted its stake in Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock valued at $662,589,000 after buying an additional 48,024 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after buying an additional 992,303 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 1.0%

Shares of Realty Income stock opened at $57.89 on Tuesday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The business has a 50-day moving average of $57.41 and a two-hundred day moving average of $56.59. The company has a market capitalization of $52.93 billion, a P/E ratio of 56.20, a price-to-earnings-growth ratio of 4.47 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. This is an increase from Realty Income’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Realty Income’s payout ratio is currently 312.62%.

Analyst Upgrades and Downgrades

O has been the topic of several recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Stifel Nicolaus boosted their target price 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 boosted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wedbush reiterated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Realty Income presently has an average rating of “Hold” and an average target price of $61.73.

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.