Marcum Wealth LLC Invests $223,000 in Realty Income Co. (NYSE:O)

Marcum Wealth LLC acquired a new stake in Realty Income Co. (NYSE:O) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,124 shares of the real estate investment trust’s stock, valued at approximately $223,000.

A number of other institutional investors have also made changes to their positions in O. QRG Capital Management Inc. acquired a new position in Realty Income during the third quarter valued at approximately $1,198,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Realty Income in the third quarter valued at $2,104,000. WINTON GROUP Ltd acquired a new position in Realty Income during the third quarter worth $211,000. V Square Quantitative Management LLC increased its holdings in Realty Income by 185.1% during the third quarter. V Square Quantitative Management LLC now owns 5,315 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,451 shares during the last quarter. Finally, LPL Financial LLC raised its position in Realty Income by 6.1% during the third quarter. LPL Financial LLC now owns 1,307,767 shares of the real estate investment trust’s stock worth $65,310,000 after acquiring an additional 75,476 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group dropped their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. KeyCorp initiated coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Scotiabank boosted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $61.35.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Realty Income Price Performance

NYSE:O opened at $53.15 on Friday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The firm’s 50-day simple moving average is $53.52 and its 200 day simple moving average is $54.18. The firm has a market cap of $46.28 billion, a price-to-earnings ratio of 49.21, a P/E/G ratio of 4.61 and a beta of 0.94.

Realty Income (NYSE:O) last announced its 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. As a group, sell-side analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.263 dividend. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is presently 291.67%.

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.