Titleist Asset Management LLC Raises Stock Position in Realty Income Corporation $O

Titleist Asset Management LLC raised its stake in shares of Realty Income Corporation (NYSE:O) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,806 shares of the real estate investment trust’s stock after purchasing an additional 343 shares during the quarter. Titleist Asset Management LLC’s holdings in Realty Income were worth $279,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in O. Brighton Jones LLC increased its position in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 615 shares during the period. Schonfeld Strategic Advisors LLC increased its position in Realty Income by 32.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,895 shares of the real estate investment trust’s stock valued at $3,786,000 after purchasing an additional 17,237 shares during the period. Bison Wealth LLC purchased a new position in Realty Income during the 4th quarter valued at $571,000. Keel Point LLC boosted its holdings in shares of Realty Income by 13.6% during the 4th quarter. Keel Point LLC now owns 3,911 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 469 shares in the last quarter. Finally, AXA S.A. boosted its holdings in shares of Realty Income by 12.1% during the 4th quarter. AXA S.A. now owns 632,587 shares of the real estate investment trust’s stock valued at $33,786,000 after buying an additional 68,042 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of Realty Income stock opened at $58.75 on Monday. The stock has a market cap of $53.72 billion, a price-to-earnings ratio of 57.04, a PEG ratio of 4.49 and a beta of 0.77. The firm’s 50-day moving average is $57.64 and its 200 day moving average is $56.87. Realty Income Corporation has a 1 year low of $50.71 and a 1 year 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.

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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $0.269 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%. Realty Income’s payout ratio is presently 313.59%.

Analysts Set New Price Targets

O has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Wedbush restated a “neutral” rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. JPMorgan Chase & Co. dropped their target price on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Finally, UBS Group boosted their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $62.00.

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.