Leo Wealth LLC Grows Stock Holdings in Realty Income Corporation (NYSE:O)

Leo Wealth LLC grew its holdings in Realty Income Corporation (NYSE:O) by 10.2% during the 1st quarter, Holdings Channel reports. The fund owned 5,915 shares of the real estate investment trust’s stock after purchasing an additional 548 shares during the period. Leo Wealth LLC’s holdings in Realty Income were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Employees Retirement System of Texas lifted its stake in shares of Realty Income by 19.0% in the 4th 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 purchasing an additional 78,000 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Realty Income by 21.2% in the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust’s stock valued at $5,958,000 after purchasing an additional 19,527 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Realty Income in the 1st quarter valued at $1,470,000. Renaissance Technologies LLC lifted its stake in shares of Realty Income by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust’s stock valued at $38,207,000 after purchasing an additional 127,300 shares during the period. Finally, Capital Investment Advisors LLC lifted its stake in shares of Realty Income by 1,965.5% in the 1st quarter. Capital Investment Advisors LLC now owns 163,379 shares of the real estate investment trust’s stock valued at $9,478,000 after purchasing an additional 155,469 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on O shares. UBS Group decreased their target price on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Wedbush restated a “neutral” rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday. Finally, Stifel Nicolaus upped their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $61.15.

Realty Income Price Performance

Shares of NYSE O opened at $58.66 on Tuesday. The firm has a 50-day simple moving average of $56.78 and a 200-day simple moving average of $55.96. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 53.32, a price-to-earnings-growth ratio of 4.00 and a beta of 0.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

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

Realty Income Dividend Announcement

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

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.