Tsfg LLC Makes New $82,000 Investment in Realty Income Co. (NYSE:O)

Tsfg LLC purchased a new stake in shares of Realty Income Co. (NYSE:O) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,524 shares of the real estate investment trust’s stock, valued at approximately $82,000.

Several other institutional investors and hedge funds have also modified their holdings of O. Norges Bank bought a new stake in shares of Realty Income during the 4th quarter worth $506,526,000. Vanguard Group Inc. boosted its position in shares of Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after acquiring an additional 4,172,231 shares during the period. Principal Financial Group Inc. grew its stake in shares of Realty Income by 107.1% in the fourth quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after acquiring an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in Realty Income by 213.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after acquiring an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC acquired a new position in Realty Income during the 4th quarter valued at $58,843,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.7 %

Shares of NYSE O opened at $52.82 on Friday. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $53.63 and a two-hundred day moving average of $54.13. The company has a market cap of $45.99 billion, a PE ratio of 48.91, a P/E/G ratio of 4.56 and a beta of 0.94.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, equities analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio is 291.67%.

Wall Street Analysts Forecast Growth

O has been the topic of several research analyst reports. Mizuho raised their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. KeyCorp started coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. UBS Group reduced their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Scotiabank boosted their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.35.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.