Nwam LLC Has $1.02 Million Stock Position in Realty Income Co. (NYSE:O)

Nwam LLC grew its position in Realty Income Co. (NYSE:O) by 9.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,529 shares of the real estate investment trust’s stock after purchasing an additional 1,587 shares during the period. Nwam LLC’s holdings in Realty Income were worth $1,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Realty Income by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 133,551 shares of the real estate investment trust’s stock worth $6,670,000 after purchasing an additional 19,969 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Realty Income by 11.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,738 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 894 shares during the period. First Hawaiian Bank boosted its stake in Realty Income by 2.6% in the 4th quarter. First Hawaiian Bank now owns 10,722 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 276 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Realty Income by 16.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 25,256 shares of the real estate investment trust’s stock valued at $1,450,000 after buying an additional 3,643 shares during the period. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at $244,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on O shares. Mizuho lifted their target price 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. Scotiabank lifted 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 note on Thursday, May 16th. KeyCorp started coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, UBS Group raised their price target on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $61.88.

Realty Income Price Performance

NYSE:O traded down $0.15 during trading hours on Friday, reaching $57.58. The company had a trading volume of 3,722,330 shares, compared to its average volume of 5,146,351. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $53.70 and a two-hundred day moving average of $53.86. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The firm has a market capitalization of $50.14 billion, a PE ratio of 53.31, a PEG ratio of 5.02 and a beta of 0.96.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a dividend 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%.

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.