ProVise Management Group LLC Has $424,000 Stake in Realty Income Co. (NYSE:O)

ProVise Management Group LLC lifted its stake in shares of Realty Income Co. (NYSE:O) by 113.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,832 shares of the real estate investment trust’s stock after acquiring an additional 4,170 shares during the period. ProVise Management Group LLC’s holdings in Realty Income were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of O. American National Bank bought a new position in shares of Realty Income in the fourth quarter valued at $25,000. Vima LLC bought a new position in Realty Income in the 4th quarter valued at about $25,000. WASHINGTON TRUST Co lifted its position in Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Realty Income during the 1st quarter valued at about $27,000. Finally, Baystate Wealth Management LLC increased its holdings in 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 purchasing an additional 190 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.3 %

NYSE O traded down $0.15 during trading on Friday, hitting $57.58. 3,721,384 shares of the company’s stock traded hands, compared to its average volume of 6,198,911. The firm has a market cap of $50.14 billion, a P/E ratio of 53.31, a PEG ratio of 5.01 and a beta of 0.96. The stock has a fifty day moving average of $53.65 and a two-hundred day moving average of $53.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:O) last issued 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). The company 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 was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, sell-side analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.263 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on O. UBS Group raised their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday. Mizuho increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. KeyCorp initiated coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, Scotiabank boosted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company 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 given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.88.

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.