Dynamic Advisor Solutions LLC grew its position in Realty Income Co. (NYSE:O – Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,327 shares of the real estate investment trust’s stock after purchasing an additional 1,582 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Realty Income were worth $1,469,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 615 shares during the period. Empowered Funds LLC boosted its stake in shares of Realty Income by 10.6% in the fourth quarter. Empowered Funds LLC now owns 16,699 shares of the real estate investment trust’s stock valued at $887,000 after buying an additional 1,598 shares during the period. Principal Securities Inc. boosted its stake in shares of Realty Income by 10.5% in the fourth quarter. Principal Securities Inc. now owns 24,564 shares of the real estate investment trust’s stock valued at $1,312,000 after buying an additional 2,340 shares during the period. Allworth Financial LP boosted its stake in shares of Realty Income by 56.4% in the fourth quarter. Allworth Financial LP now owns 268,512 shares of the real estate investment trust’s stock valued at $14,489,000 after buying an additional 96,823 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $669,000. Institutional investors and hedge funds own 70.81% of the company’s stock.
Realty Income Trading Down 0.4%
NYSE O opened at $57.41 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 54.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. The business’s fifty day moving average is $56.49 and its 200 day moving average is $55.54.
Realty Income Increases Dividend
The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is 292.73%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Scotiabank boosted their price target on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. JPMorgan Chase & Co. cut their price target on Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Barclays reiterated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. UBS Group cut their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $61.15.
View Our Latest Stock Analysis on O
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.
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