ORG Partners LLC grew its stake in shares of Realty Income Corporation (NYSE:O – Free Report) by 67.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,079 shares of the real estate investment trust’s stock after purchasing an additional 1,237 shares during the quarter. ORG Partners LLC’s holdings in Realty Income were worth $179,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in O. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at about $29,000. PSI Advisors LLC raised its holdings in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 252 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Realty Income in the fourth quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Realty Income in the fourth quarter valued at about $34,000. 70.81% of the stock is owned by hedge funds and other institutional investors.
Realty Income Stock Performance
O opened at $57.24 on Friday. 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 company has a market cap of $51.70 billion, a P/E ratio of 52.04, a price-to-earnings-growth ratio of 4.00 and a beta of 0.76. The firm’s 50-day moving average price is $56.74 and its 200-day moving average price is $55.58.
Realty Income Increases Dividend
The business also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. The ex-dividend date is Tuesday, July 1st. This represents a dividend yield of 5.6%. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. Realty Income’s dividend payout ratio is 292.73%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on O shares. Scotiabank lifted their price objective on Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Stifel Nicolaus lifted their price objective on Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Barclays restated an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho boosted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. Finally, Wedbush reiterated a “neutral” rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Nine 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 data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $61.15.
Check Out Our Latest Stock Analysis on O
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.
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