Blue Trust Inc. Acquires 536 Shares of Realty Income Corporation (NYSE:O)

Blue Trust Inc. grew its position in Realty Income Corporation (NYSE:O) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,820 shares of the real estate investment trust’s stock after purchasing an additional 536 shares during the quarter. Blue Trust Inc.’s holdings in Realty Income were worth $976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of O. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income during the fourth quarter valued at $29,000. PSI Advisors LLC lifted its position in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 252 shares during the period. Millstone Evans Group LLC acquired a new position in Realty Income during the fourth quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter valued at $34,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. 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 report on Monday, May 5th. Wedbush reiterated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. UBS Group reduced their price target on shares of 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, Stifel Nicolaus upped their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.15.

Realty Income Stock Performance

NYSE:O opened at $57.24 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $51.70 billion, a P/E ratio of 52.04, a PEG ratio of 4.02 and a beta of 0.76. The company has a 50 day moving average price of $56.74 and a 200 day moving average price of $55.58. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 5.6%. Realty Income’s payout ratio is presently 292.73%.

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.