American Investment Services Inc. Raises Position in Realty Income Corporation (NYSE:O)

American Investment Services Inc. boosted its stake in Realty Income Corporation (NYSE:O) by 17.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,838 shares of the real estate investment trust’s stock after buying an additional 1,162 shares during the quarter. American Investment Services Inc.’s holdings in Realty Income were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of O. Northern Trust Corp lifted its stake in 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 buying an additional 3,834,403 shares in the last quarter. Nuveen LLC purchased a new position in Realty Income in the 1st quarter valued at about $207,573,000. Vanguard Group Inc. lifted its stake in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after buying an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock valued at $288,375,000 after acquiring an additional 1,055,840 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust’s stock valued at $40,988,000 after acquiring an additional 694,983 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Wedbush reiterated a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Barclays reiterated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Finally, Wolfe Research downgraded shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $61.73.

Realty Income Stock Up 1.0%

Shares of NYSE O opened at $58.40 on Friday. The company has a 50 day simple moving average of $57.39 and a 200-day simple moving average of $56.53. The company has a market capitalization of $53.40 billion, a P/E ratio of 56.70, a P/E/G ratio of 4.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 EPS. On average, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. The ex-dividend date is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Realty Income’s previous monthly dividend of $0.26. Realty Income’s payout ratio is 312.62%.

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.