Lazari Capital Management Inc. Makes New $201,000 Investment in Realty Income Corporation (NYSE:O)

Lazari Capital Management Inc. bought a new position in shares of Realty Income Corporation (NYSE:O) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,462 shares of the real estate investment trust’s stock, valued at approximately $201,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 worth $7,436,622,000 after buying an additional 555,908 shares during the period. Geode Capital Management LLC increased its stake in shares of Realty Income by 2.9% during 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 buying an additional 658,240 shares during the period. Northern Trust Corp increased its stake in shares of Realty Income by 41.2% during 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 buying an additional 3,834,403 shares during the period. Norges Bank purchased a new stake in shares of Realty Income during the fourth quarter worth approximately $624,666,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the fourth quarter worth approximately $553,572,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

O stock opened at $58.40 on Tuesday. The company has a market capitalization of $52.74 billion, a P/E ratio of 53.09, a PEG ratio of 4.00 and a beta of 0.76. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The business has a 50 day simple moving average of $56.79 and a 200-day simple moving average of $55.59. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The business 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 2.51% and a net margin of 18.15%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is currently 292.73%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus increased their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Wedbush reiterated a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a research note on Wednesday, May 7th. Barclays reiterated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.15.

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.