GYL Financial Synergies LLC Increases Stake in Realty Income Co. (NYSE:O)

GYL Financial Synergies LLC lifted its stake in shares of Realty Income Co. (NYSE:O) by 11.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,037 shares of the real estate investment trust’s stock after buying an additional 943 shares during the period. GYL Financial Synergies LLC’s holdings in Realty Income were worth $477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. American National Bank bought a new stake in Realty Income during the fourth quarter worth about $25,000. Vima LLC bought a new stake in Realty Income during the fourth quarter worth about $25,000. Pacifica Partners Inc. boosted its stake in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income during the first quarter worth about $27,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock traded up $0.26 during midday trading on Friday, reaching $60.76. 149,380 shares of the company traded hands, compared to its average volume of 6,019,359. The firm has a market capitalization of $52.91 billion, a price-to-earnings ratio of 56.26, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The business has a 50 day moving average of $56.49 and a two-hundred day moving average of $54.26. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $61.60. 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 (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $1.00 EPS. As a group, research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income’s dividend payout ratio is currently 291.67%.

Analysts Set New Price Targets

Several research firms recently commented on O. UBS Group boosted their price objective on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Scotiabank boosted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Stifel Nicolaus upped their target price on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Wedbush started coverage on shares of Realty Income in a research note on Monday. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average target price of $61.73.

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.