PFW Advisors LLC Has $789,000 Holdings in Realty Income Co. (NYSE:O)

PFW Advisors LLC grew its position in shares of Realty Income Co. (NYSE:O) by 6.3% during the first quarter, HoldingsChannel.com reports. The firm owned 13,593 shares of the real estate investment trust’s stock after purchasing an additional 803 shares during the period. PFW Advisors LLC’s holdings in Realty Income were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the period. Northern Trust Corp lifted its stake in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the period. Norges Bank acquired a new position in shares of Realty Income in the fourth quarter worth approximately $624,666,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Realty Income in the fourth quarter worth approximately $553,572,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on O shares. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Stifel Nicolaus lifted their price objective on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Barclays reiterated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $61.15.

Realty Income Trading Up 0.4%

NYSE O opened at $56.04 on Friday. The company has a market cap of $50.61 billion, a price-to-earnings ratio of 53.37, a P/E/G ratio of 2.10 and a beta of 0.76. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The business has a 50 day moving average price of $56.13 and a 200-day moving average price of $55.57. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income’s dividend payout ratio (DPR) is currently 292.73%.

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.