Realty Income Corporation $O Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV increased its position in Realty Income Corporation (NYSE:O) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,872 shares of the real estate investment trust’s stock after acquiring an additional 257 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Realty Income were worth $631,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Realty Income by 52.6% during the 4th quarter. NewEdge Advisors LLC now owns 91,334 shares of the real estate investment trust’s stock worth $4,878,000 after purchasing an additional 31,479 shares during the last quarter. Freedom Investment Management Inc. boosted its stake in shares of Realty Income by 34.2% during the 4th quarter. Freedom Investment Management Inc. now owns 6,959 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 1,774 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Realty Income by 84.4% during the fourth quarter. First Trust Advisors LP now owns 363,921 shares of the real estate investment trust’s stock worth $19,437,000 after buying an additional 166,575 shares in the last quarter. Finally, Norinchukin Bank The raised its position in shares of Realty Income by 3.3% in the fourth quarter. Norinchukin Bank The now owns 77,471 shares of the real estate investment trust’s stock valued at $4,138,000 after buying an additional 2,505 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Stifel Nicolaus raised their price objective on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Barclays reiterated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Scotiabank lifted their price target on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.73.

Realty Income Stock Performance

Realty Income stock opened at $58.40 on Monday. The company has a market cap of $53.40 billion, a price-to-earnings ratio of 56.70, a price-to-earnings-growth ratio of 4.47 and a beta of 0.76. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock’s 50-day moving average is $57.39 and its 200-day moving average is $56.57.

Realty Income (NYSE:O) last posted its 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 business 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 revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. Equities analysts anticipate 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 monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income’s previous monthly dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

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.