FSC Wealth Advisors LLC Increases Stake in Realty Income Corporation (NYSE:O)

FSC Wealth Advisors LLC raised its holdings in shares of Realty Income Corporation (NYSE:O) by 288.0% in the first quarter, Holdings Channel reports. The institutional investor owned 613 shares of the real estate investment trust’s stock after acquiring an additional 455 shares during the period. FSC Wealth Advisors LLC’s holdings in Realty Income were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of O. Norges Bank purchased a new stake in shares of Realty Income in the fourth quarter worth $624,666,000. Raymond James Financial Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth $553,572,000. Northern Trust Corp increased its stake in shares of Realty Income by 41.2% in the fourth 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. California Public Employees Retirement System boosted its position in shares of Realty Income by 26.7% during the fourth quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock worth $205,628,000 after acquiring an additional 811,037 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Realty Income by 6,002.1% during the first quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust’s stock worth $40,988,000 after acquiring an additional 694,983 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on O. JPMorgan Chase & Co. dropped their target price 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. UBS Group dropped their target price 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. Royal Bank Of Canada dropped their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Wedbush restated a “neutral” rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.15.

Realty Income Price Performance

O stock opened at $57.24 on Friday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $56.74 and a two-hundred day simple moving average of $55.58. The firm has a market capitalization of $51.70 billion, a P/E ratio of 52.04, a price-to-earnings-growth ratio of 4.00 and a beta of 0.76.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $1.31 billion during 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%. Realty Income’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. Analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal 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 represents a dividend yield of 5.6%. The ex-dividend date is Tuesday, July 1st. This is a positive change from Realty Income’s previous jul 25 dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is 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.