Gilman Hill Asset Management LLC Has $10.62 Million Stock Holdings in Realty Income Co. (NYSE:O)

Gilman Hill Asset Management LLC boosted its stake in shares of Realty Income Co. (NYSE:O) by 4,164.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,984 shares of the real estate investment trust’s stock after buying an additional 178,693 shares during the quarter. Realty Income makes up approximately 1.8% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 6th largest holding. Gilman Hill Asset Management LLC’s holdings in Realty Income were worth $10,615,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in O. Lee Danner & Bass Inc. purchased a new stake in Realty Income during the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new stake in Realty Income during the fourth quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in Realty Income during the fourth quarter valued at about $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income during the fourth quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income during the fourth quarter valued at about $34,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.0%

Shares of O opened at $55.99 on Thursday. The firm’s 50 day simple moving average is $56.20 and its 200 day simple moving average is $55.59. The company has a market capitalization of $50.56 billion, a P/E ratio of 53.32, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.2685 per share. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income’s payout ratio is currently 292.73%.

Analysts Set New Price Targets

Several equities research analysts have commented on O shares. Scotiabank upped 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. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus increased their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada lowered their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $61.15.

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.