CreativeOne Wealth LLC Has $889,000 Position in Realty Income Co. (NYSE:O)

CreativeOne Wealth LLC lifted its holdings in shares of Realty Income Co. (NYSE:O) by 135.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,432 shares of the real estate investment trust’s stock after purchasing an additional 9,461 shares during the period. CreativeOne Wealth LLC’s holdings in Realty Income were worth $889,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in O. American National Bank acquired a new position in Realty Income in the fourth quarter valued at about $25,000. Vima LLC bought a new position in Realty Income in the fourth quarter valued at approximately $25,000. WASHINGTON TRUST Co grew its stake in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Realty Income during the 1st quarter worth approximately $27,000. Finally, Baystate Wealth Management LLC boosted its stake in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of several recent research reports. Scotiabank boosted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. UBS Group increased their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Mizuho raised their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.88.

Realty Income Stock Performance

Realty Income stock traded up $0.71 during trading on Friday, reaching $58.07. The company had a trading volume of 3,138,632 shares, compared to its average volume of 4,323,153. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $50.57 billion, a price-to-earnings ratio of 53.77, a price-to-earnings-growth ratio of 4.99 and a beta of 0.96. The firm’s 50-day simple moving average is $53.95 and its 200 day simple moving average is $53.84.

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

Realty Income Dividend Announcement

The company also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 292.59%.

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.