HB Wealth Management LLC Has $1.25 Million Stock Position in Realty Income Corporation (NYSE:O)

HB Wealth Management LLC boosted its stake in shares of Realty Income Corporation (NYSE:O) by 34.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,554 shares of the real estate investment trust’s stock after buying an additional 5,471 shares during the period. HB Wealth Management LLC’s holdings in Realty Income were worth $1,250,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PSI Advisors LLC boosted its position in Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 252 shares during the period. FSC Wealth Advisors LLC lifted its position in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 455 shares during the period. Fourth Dimension Wealth LLC acquired a new position in Realty Income during the fourth quarter worth about $34,000. Orion Capital Management LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $37,000. Finally, CVA Family Office LLC lifted its position in shares of Realty Income by 52.8% during the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 272 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the subject of several research analyst reports. Scotiabank raised their target price on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Wedbush restated a “neutral” rating and set a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Barclays reissued an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Stifel Nicolaus increased their target price on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.15.

Realty Income Stock Up 0.9%

NYSE O opened at $57.40 on Wednesday. The stock has a market cap of $51.83 billion, a PE ratio of 52.18, a PEG ratio of 3.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The firm has a 50-day simple moving average of $57.03 and a 200 day simple moving average of $56.28.

Realty Income (NYSE:O) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. On average, research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 293.64%.

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.