Realty Income Co. (NYSE:O) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its holdings in shares of Realty Income Co. (NYSE:O) by 17.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,574 shares of the real estate investment trust’s stock after purchasing an additional 2,776 shares during the quarter. EP Wealth Advisors LLC’s holdings in Realty Income were worth $1,005,000 at the end of the most recent quarter.

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

Realty Income Trading Up 1.2 %

Shares of NYSE:O traded up $0.71 during midday trading on Friday, hitting $58.07. The company had a trading volume of 3,119,527 shares, compared to its average volume of 6,122,111. Realty Income Co. has a 12 month low of $45.03 and a 12 month 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 stock has a market cap of $50.57 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 4.98 and a beta of 0.96. The firm has a fifty day simple moving average of $53.89 and a 200 day simple moving average of $53.85.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, analysts predict that Realty Income Co. will post 4.2 EPS for the current 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 paid a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio is 292.59%.

Analyst Ratings Changes

O has been the topic of a number of recent analyst reports. Mizuho boosted 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. KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank boosted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, UBS Group upped their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.88.

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.