Envestnet Portfolio Solutions Inc. Purchases 14,644 Shares of Realty Income Co. (NYSE:O)

Envestnet Portfolio Solutions Inc. increased its position in Realty Income Co. (NYSE:O) by 33.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 57,880 shares of the real estate investment trust’s stock after buying an additional 14,644 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Realty Income were worth $3,131,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of O. American National Bank bought a new position in shares of Realty Income during the 4th quarter valued at about $25,000. Vima LLC bought a new position in shares of Realty Income during the 4th quarter valued at about $25,000. WASHINGTON TRUST Co boosted its holdings in shares of Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Realty Income during the 1st quarter valued at about $27,000. Finally, Baystate Wealth Management LLC boosted its holdings in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock opened at $55.75 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The firm has a market capitalization of $48.55 billion, a P/E ratio of 51.62, a price-to-earnings-growth ratio of 4.85 and a beta of 0.96. The company’s 50-day moving average is $53.49 and its 200 day moving average is $53.86.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Research analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

Analysts Set New Price Targets

Several research analysts have commented on O shares. UBS Group dropped their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. KeyCorp assumed coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank upped their target price on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Finally, Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $61.35.

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.