Griffin Asset Management Inc. Has $1.30 Million Holdings in Realty Income Co. (NYSE:O)

Griffin Asset Management Inc. boosted its holdings in shares of Realty Income Co. (NYSE:O) by 1.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,952 shares of the real estate investment trust’s stock after purchasing an additional 282 shares during the period. Griffin Asset Management Inc.’s holdings in Realty Income were worth $1,296,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Baystate Wealth Management LLC grew its stake in shares of Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. First Affirmative Financial Network boosted its position in Realty Income by 2.1% in the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 201 shares during the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of Realty Income by 0.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock valued at $3,812,000 after buying an additional 204 shares during the period. 1832 Asset Management L.P. raised its position in shares of Realty Income by 0.6% during the fourth quarter. 1832 Asset Management L.P. now owns 36,299 shares of the real estate investment trust’s stock worth $2,084,000 after acquiring an additional 207 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Realty Income by 24.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 208 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s 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 transaction, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Up 0.7 %

Shares of O stock opened at $52.82 on Friday. The firm’s fifty day moving average price is $53.63 and its two-hundred day moving average price is $54.12. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $45.99 billion, a P/E ratio of 48.91, a PEG ratio of 4.60 and a beta of 0.94.

Realty Income (NYSE:O) last posted 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). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.98 EPS. The firm’s revenue was up 33.5% on a year-over-year basis. On average, equities analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

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

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.