First Foundation Advisors Has $3.89 Million Stock Holdings in Realty Income Corporation (NYSE:O)

First Foundation Advisors lowered its stake in Realty Income Corporation (NYSE:O) by 0.8% during the first quarter, Holdings Channel.com reports. The fund owned 67,010 shares of the real estate investment trust’s stock after selling 527 shares during the period. First Foundation Advisors’ holdings in Realty Income were worth $3,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of O. Victory Capital Management Inc. grew its holdings in Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after purchasing an additional 19,965 shares during the period. Employees Retirement System of Texas boosted its stake in shares of Realty Income by 19.0% during 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 acquiring an additional 78,000 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Realty Income by 21.2% during 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 acquiring an additional 19,527 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Realty Income in the 1st quarter valued at $1,470,000. Finally, Renaissance Technologies LLC raised its stake in Realty Income by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust’s stock valued at $38,207,000 after acquiring an additional 127,300 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 1.8%

Shares of O stock opened at $56.88 on Tuesday. The stock has a market cap of $51.37 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 4.06 and a beta of 0.75. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a 50 day simple moving average of $57.00 and a 200 day simple moving average of $56.27.

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 the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. On average, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is 293.64%.

Wall Street Analyst Weigh In

A number of research firms have commented on O. UBS Group reduced their price objective 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. Stifel Nicolaus raised their target price 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. Wedbush reiterated a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Barclays restated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.15.

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.