Realty Income Corporation $O Shares Acquired by Park National Corp OH

Park National Corp OH raised its position in shares of Realty Income Corporation (NYSE:O) by 6.8% in the second quarter, Holdings Channel.com reports. The fund owned 132,395 shares of the real estate investment trust’s stock after acquiring an additional 8,463 shares during the quarter. Park National Corp OH’s holdings in Realty Income were worth $7,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Keystone Global Partners LLC acquired a new stake in shares of Realty Income in the first quarter valued at approximately $26,000. PSI Advisors LLC increased 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 purchasing an additional 252 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $34,000. FSC Wealth Advisors LLC increased its holdings in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 455 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on O shares. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Mizuho increased their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Barclays raised their target price on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Finally, UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.36.

Realty Income Trading Up 0.4%

O opened at $60.43 on Friday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The business has a fifty day simple moving average of $57.92 and a 200-day simple moving average of $57.08. The firm has a market cap of $55.25 billion, a P/E ratio of 58.67, a P/E/G ratio of 4.60 and a beta of 0.77. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, October 1st. Realty Income’s dividend payout ratio (DPR) is 313.59%.

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.