52,298 Shares in Realty Income Corporation (NYSE:O) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Realty Income Corporation (NYSE:O) during the 1st quarter, Holdings Channel.com reports. The firm bought 52,298 shares of the real estate investment trust’s stock, valued at approximately $3,034,000.

Several other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its holdings in shares of Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after purchasing an additional 19,965 shares during the period. Employees Retirement System of Texas grew its stake in shares of Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust’s stock valued at $26,074,000 after buying an additional 78,000 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Realty Income by 21.2% in the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust’s stock valued at $5,958,000 after buying an additional 19,527 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Realty Income in the first quarter valued at about $1,470,000. Finally, Renaissance Technologies LLC grew its stake in shares of Realty Income by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust’s stock valued at $38,207,000 after buying an additional 127,300 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.9%

NYSE:O opened at $57.40 on Wednesday. The company has a market cap of $51.83 billion, a PE ratio of 52.18, a P/E/G ratio of 3.99 and a beta of 0.75. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $57.03 and its two-hundred day moving average is $56.28.

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 the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 293.64%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on O. Wedbush reiterated a “neutral” rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Mizuho raised their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Stifel Nicolaus raised their price objective on Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Finally, UBS Group lowered their price objective on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $61.15.

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.