Realty Income Co. (NYSE:O) Shares Acquired by Cetera Advisors LLC

Cetera Advisors LLC increased its stake in shares of Realty Income Co. (NYSE:O) by 78.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 398,958 shares of the real estate investment trust’s stock after purchasing an additional 175,819 shares during the period. Cetera Advisors LLC’s holdings in Realty Income were worth $21,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares in the last quarter. Norges Bank purchased a new stake in shares of Realty Income in the fourth quarter valued at about $506,526,000. Principal Financial Group Inc. boosted its holdings 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 valued at $284,288,000 after acquiring an additional 2,560,597 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Realty Income by 213.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after purchasing an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $58,843,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 2.3 %

Shares of O traded up $1.31 during midday trading on Friday, hitting $59.32. The stock had a trading volume of 8,459,441 shares, compared to its average volume of 4,528,689. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $60.25. The business has a 50-day simple moving average of $54.41 and a two-hundred day simple moving average of $53.81. The firm has a market cap of $51.65 billion, a P/E ratio of 54.93, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last posted 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). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. As a group, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.263 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 292.59%.

Analyst Ratings Changes

O has been the topic of several recent analyst reports. Mizuho upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. UBS Group increased their price objective on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Scotiabank increased 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 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 MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.88.

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.