Investor s Fiduciary Advisor Network LLC Purchases 3,046 Shares of Realty Income Corporation (NYSE:O)

Investor s Fiduciary Advisor Network LLC boosted its position in Realty Income Corporation (NYSE:O) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,688 shares of the real estate investment trust’s stock after buying an additional 3,046 shares during the quarter. Realty Income makes up about 2.3% of Investor s Fiduciary Advisor Network LLC’s portfolio, making the stock its 7th biggest position. Investor s Fiduciary Advisor Network LLC’s holdings in Realty Income were worth $4,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bolthouse Investments LLC acquired a new stake in Realty Income in the 1st quarter valued at approximately $250,000. Concurrent Investment Advisors LLC increased its position in shares of Realty Income by 17.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 26,584 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 3,880 shares during the last quarter. HM Payson & Co. increased its position in shares of Realty Income by 174.7% during the 1st quarter. HM Payson & Co. now owns 2,239 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 1,424 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Realty Income during the 1st quarter worth approximately $66,000. Finally, World Investment Advisors increased its position in shares of Realty Income by 15.5% during the 1st quarter. World Investment Advisors now owns 129,979 shares of the real estate investment trust’s stock worth $7,540,000 after purchasing an additional 17,440 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $57.70 on Friday. The stock has a fifty day moving average price of $56.75 and a 200-day moving average price of $55.74. The company has a market cap of $52.10 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 4.04 and a beta of 0.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. As a group, equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.269 per share. This is an increase from Realty Income’s previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income’s dividend payout ratio is currently 293.64%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on O. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. UBS Group lowered their price target on Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Wedbush reaffirmed a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.15.

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.