Realty Income Co. (NYSE:O) Shares Acquired by Founders Financial Securities LLC

Founders Financial Securities LLC lifted its position in shares of Realty Income Co. (NYSE:O) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,029 shares of the real estate investment trust’s stock after acquiring an additional 598 shares during the period. Founders Financial Securities LLC’s holdings in Realty Income were worth $1,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Realty Income by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock worth $6,541,290,000 after buying an additional 3,046,630 shares during the period. Dimensional Fund Advisors LP increased its position in Realty Income by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after buying an additional 227,621 shares during the period. Legal & General Group Plc increased its position in Realty Income by 0.5% in the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock worth $443,588,000 after buying an additional 47,437 shares during the period. Norges Bank acquired a new stake in Realty Income in the fourth quarter worth $506,526,000. Finally, APG Asset Management US Inc. increased its position in Realty Income by 10.4% in the fourth quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after buying an additional 771,313 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

O stock traded up $0.39 during trading hours on Friday, hitting $52.82. 8,379,400 shares of the stock traded hands, compared to its average volume of 5,095,532. The stock has a 50-day simple moving average of $53.63 and a 200 day simple moving average of $54.12. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a market cap of $45.99 billion, a P/E ratio of 48.91, a P/E/G ratio of 4.56 and a beta of 0.94. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. Equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.263 dividend. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on O. KeyCorp began coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Mizuho increased their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. UBS Group decreased their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.35.

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.