Optimum Investment Advisors Grows Position in Realty Income Co. (NYSE:O)

Optimum Investment Advisors raised its stake in Realty Income Co. (NYSE:O) by 24.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,800 shares of the real estate investment trust’s stock after purchasing an additional 350 shares during the quarter. Optimum Investment Advisors’ holdings in Realty Income were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. QRG Capital Management Inc. purchased a new stake in shares of Realty Income in the third quarter valued at approximately $1,198,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Realty Income in the third quarter worth $2,104,000. WINTON GROUP Ltd acquired a new position in shares of Realty Income in the third quarter worth $211,000. V Square Quantitative Management LLC raised its holdings in shares of Realty Income by 185.1% in the third quarter. V Square Quantitative Management LLC now owns 5,315 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 3,451 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Realty Income by 6.1% in the third quarter. LPL Financial LLC now owns 1,307,767 shares of the real estate investment trust’s stock worth $65,310,000 after acquiring an additional 75,476 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.3 %

Shares of NYSE O opened at $53.15 on Friday. The stock’s 50 day moving average price is $53.52 and its two-hundred day moving average price is $54.18. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $64.18. The stock has a market capitalization of $46.28 billion, a P/E ratio of 49.21, a PEG ratio of 4.61 and a beta of 0.94. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a dividend of $0.263 per share. This represents a dividend yield of 6%. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, July 1st. Realty Income’s dividend payout ratio is presently 291.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Scotiabank lifted their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. UBS Group lowered their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Mizuho upped their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $61.35.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.