Capital Investment Advisors LLC Has $431,000 Position in Realty Income Co. (NYSE:O)

Capital Investment Advisors LLC boosted its position in Realty Income Co. (NYSE:O) by 45.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,165 shares of the real estate investment trust’s stock after purchasing an additional 2,560 shares during the period. Capital Investment Advisors LLC’s holdings in Realty Income were worth $431,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Manning & Napier Advisors LLC bought a new position in Realty Income during the second quarter worth $4,666,000. Pacifica Partners Inc. boosted its position in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Jamison Private Wealth Management Inc. increased its position in Realty Income by 3.5% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 19,879 shares of the real estate investment trust’s stock valued at $1,050,000 after buying an additional 673 shares in the last quarter. Foresight Capital Management Advisors Inc. raised its stake in Realty Income by 10.9% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 17,259 shares of the real estate investment trust’s stock worth $912,000 after buying an additional 1,698 shares during the period. Finally, Simplicity Wealth LLC boosted its holdings in Realty Income by 14.3% in the second quarter. Simplicity Wealth LLC now owns 25,859 shares of the real estate investment trust’s stock worth $1,366,000 after acquiring an additional 3,233 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research report on Tuesday. Mizuho raised 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. Robert W. Baird boosted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday. Stifel Nicolaus raised their target price on Realty Income from $65.00 to $67.50 and gave the company a “buy” rating in a report on Tuesday. Finally, UBS Group upped their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.57.

Realty Income Stock Performance

NYSE O traded up $0.35 during trading hours on Friday, reaching $60.57. 3,374,919 shares of the company were exchanged, compared to its average volume of 6,166,474. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $52.74 billion, a P/E ratio of 56.08, a P/E/G ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $61.60. The business’s 50 day simple moving average is $55.23 and its 200-day simple moving average is $53.92.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, equities research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 291.67%.

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.