Phillips Wealth Planners LLC Has $306,000 Position in Realty Income Corporation (NYSE:O)

Phillips Wealth Planners LLC increased its stake in shares of Realty Income Corporation (NYSE:O) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,541 shares of the real estate investment trust’s stock after buying an additional 525 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Realty Income were worth $306,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Realty Income by 41.2% in the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after purchasing an additional 3,834,403 shares in the last quarter. Norges Bank acquired a new stake in shares of Realty Income in the 4th quarter valued at $624,666,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Realty Income in the 4th quarter valued at $553,572,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of a number of research reports. UBS Group dropped their price target on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. 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. Mizuho increased their price target on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Scotiabank increased their price target on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $61.15.

Realty Income Stock Down 1.5%

Shares of NYSE:O opened at $57.11 on Thursday. The firm has a market cap of $51.57 billion, a P/E ratio of 51.92, a P/E/G ratio of 4.05 and a beta of 0.76. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The business has a fifty day simple moving average of $56.80 and a 200 day simple moving average of $55.62.

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, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income’s payout ratio is presently 292.73%.

Realty Income 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.