RDA Financial Network Has $1.02 Million Holdings in Realty Income Co. (NYSE:O)

RDA Financial Network boosted its holdings in Realty Income Co. (NYSE:O) by 3.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,506 shares of the real estate investment trust’s stock after acquiring an additional 507 shares during the quarter. RDA Financial Network’s holdings in Realty Income were worth $1,016,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Geode Capital Management LLC increased its stake in Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after buying an additional 658,240 shares during the last quarter. Northern Trust Corp increased its stake in Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after buying an additional 3,834,403 shares during the last quarter. Norges Bank purchased a new stake in Realty Income in the 4th quarter valued at about $624,666,000. Finally, Raymond James Financial Inc. purchased a new stake in Realty Income in the 4th quarter valued at about $553,572,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.4%

Shares of NYSE:O opened at $56.04 on Friday. The firm has a fifty day moving average price of $56.13 and a two-hundred day moving average price of $55.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The company has a market cap of $50.61 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 2.10 and a beta of 0.76.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm earned $1.03 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. This represents a dividend yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income’s dividend payout ratio is currently 292.73%.

Wall Street Analysts Forecast Growth

Several research firms have commented on O. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Scotiabank increased their price objective on shares of 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. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Royal Bank of Canada decreased their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Wedbush restated a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.