Tiemann Investment Advisors LLC Has $416,000 Stake in Realty Income Corporation $O

Tiemann Investment Advisors LLC lowered its position in shares of Realty Income Corporation (NYSE:O) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,174 shares of the real estate investment trust’s stock after selling 1,873 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Realty Income were worth $416,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Keystone Global Partners LLC bought a new position in shares of Realty Income in the 1st quarter worth $26,000. PSI Advisors LLC increased its stake in Realty Income by 78.3% during the 1st 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 in the last quarter. FSC Wealth Advisors LLC raised its holdings in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 455 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter worth $34,000. Finally, Orion Capital Management LLC bought a new position in shares of Realty Income in the fourth quarter valued at $37,000. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Shares of NYSE O opened at $59.9050 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $54.77 billion, a PE ratio of 58.16, a PEG ratio of 4.51 and a beta of 0.76. The stock’s 50 day moving average price is $57.49 and its 200-day moving average price is $56.63. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.269 dividend. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

Analyst Upgrades and Downgrades

O has been the subject of several recent research reports. JPMorgan Chase & Co. decreased 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. Wedbush reiterated a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Barclays boosted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group increased their price objective on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $61.82.

About Realty Income

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.