Alteri Wealth LLC Increases Stock Holdings in Realty Income Corporation (NYSE:O)

Alteri Wealth LLC increased its holdings in shares of Realty Income Corporation (NYSE:O) by 36.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,077 shares of the real estate investment trust’s stock after acquiring an additional 1,883 shares during the period. Alteri Wealth LLC’s holdings in Realty Income were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of O. Geode Capital Management LLC raised its position in Realty Income by 2.9% during 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 purchasing an additional 658,240 shares in the last quarter. Northern Trust Corp grew its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after buying an additional 3,834,403 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Realty Income by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust’s stock worth $230,663,000 after buying an additional 110,694 shares during the last quarter. California Public Employees Retirement System grew its stake in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock valued at $205,628,000 after purchasing an additional 811,037 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Realty Income by 6.5% during the 4th quarter. Royal Bank of Canada now owns 3,174,507 shares of the real estate investment trust’s stock valued at $169,551,000 after purchasing an additional 193,013 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.2%

O stock opened at $57.90 on Monday. The business has a fifty day simple moving average of $56.99 and a 200-day simple moving average of $56.23. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a market cap of $52.29 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 4.06 and a beta of 0.75.

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 for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. On average, equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is currently 292.73%.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent research reports. UBS Group lowered their target price on Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Scotiabank upped their price target on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. 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. Finally, Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.15.

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.