Realty Income Corporation $O Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Realty Income Corporation (NYSE:O) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,318,818 shares of the real estate investment trust’s stock after acquiring an additional 86,876 shares during the period. Ameriprise Financial Inc. owned 0.26% of Realty Income worth $135,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in Realty Income in the 1st quarter valued at about $26,000. PSI Advisors LLC grew its stake in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC grew its stake in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 455 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the 4th quarter valued at about $34,000. Finally, Orion Capital Management LLC acquired a new stake in Realty Income in the 4th quarter valued at about $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the topic of a number of research reports. Wedbush reissued a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Stifel Nicolaus increased their price objective 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. Barclays raised their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Scotiabank raised their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.82.

Realty Income Price Performance

Realty Income stock opened at $58.8670 on Friday. The stock has a market capitalization of $53.82 billion, a P/E ratio of 57.15, a P/E/G ratio of 4.50 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 firm’s 50-day moving average is $57.55 and its two-hundred day moving average is $56.71.

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

Realty Income Increases Dividend

The business also recently disclosed 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. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.26. Realty Income’s payout ratio is currently 313.59%.

Realty Income Company 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.