Sheaff Brock Investment Advisors LLC Has $1.85 Million Stake in Realty Income Co. (NYSE:O)

Sheaff Brock Investment Advisors LLC grew its position in shares of Realty Income Co. (NYSE:O) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,211 shares of the real estate investment trust’s stock after buying an additional 1,357 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Realty Income were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in O. Rodgers Brothers Inc. raised its stake in shares of Realty Income by 8.0% in the 1st quarter. Rodgers Brothers Inc. now owns 6,750 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 500 shares in the last quarter. First Commonwealth Financial Corp PA raised its stake in shares of Realty Income by 6.9% in the 1st quarter. First Commonwealth Financial Corp PA now owns 10,900 shares of the real estate investment trust’s stock valued at $590,000 after acquiring an additional 700 shares in the last quarter. EP Wealth Advisors LLC increased its position in Realty Income by 17.6% in the 1st quarter. EP Wealth Advisors LLC now owns 18,574 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 2,776 shares during the period. CreativeOne Wealth LLC increased its position in Realty Income by 135.7% in the 1st quarter. CreativeOne Wealth LLC now owns 16,432 shares of the real estate investment trust’s stock worth $889,000 after buying an additional 9,461 shares during the period. Finally, Shell Asset Management Co. bought a new position in Realty Income in the 1st quarter worth approximately $420,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE O traded up $0.71 during trading hours on Friday, reaching $58.07. 3,119,527 shares of the stock were exchanged, compared to its average volume of 6,122,231. The firm has a market capitalization of $50.57 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 4.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The stock’s fifty day simple moving average is $53.89 and its 200 day simple moving average is $53.85.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business earned $0.98 EPS. Realty Income’s revenue was up 33.5% on a year-over-year basis. Sell-side analysts predict that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed 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 (DPR) is presently 292.59%.

Analyst Upgrades and Downgrades

Several research analysts have commented on O shares. KeyCorp began coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank boosted their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Finally, UBS Group upped their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.88.

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.