Checchi Capital Advisers LLC Has $812,000 Holdings in Realty Income Corporation (NYSE:O)

Checchi Capital Advisers LLC lifted its position in shares of Realty Income Corporation (NYSE:O) by 26.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,001 shares of the real estate investment trust’s stock after purchasing an additional 2,900 shares during the period. Checchi Capital Advisers LLC’s holdings in Realty Income were worth $812,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in O. Raymond James Financial Inc. purchased a new position in Realty Income in the 4th quarter worth approximately $553,572,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after buying an additional 166,178 shares during the last quarter. Employees Retirement System of Texas raised its holdings in Realty Income by 19.0% in the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust’s stock worth $26,074,000 after purchasing an additional 78,000 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Realty Income by 21.2% in the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust’s stock worth $5,958,000 after purchasing an additional 19,527 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Realty Income in the 1st quarter worth $1,470,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE O opened at $57.70 on Friday. The firm’s 50-day moving average price is $56.74 and its 200-day moving average price is $55.70. 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 market cap of $52.10 billion, a PE ratio of 52.45, a PEG ratio of 4.04 and a beta of 0.75. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. As a group, analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm 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 $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 dividend payout ratio (DPR) is presently 293.64%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target 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. Mizuho increased their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Barclays reissued an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, UBS Group cut their price objective on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.