18,594 Shares in Realty Income Corporation $O Acquired by Fairtree Asset Management Pty Ltd

Key Points

• Fairtree Asset Management acquired 18,594 shares of Realty Income worth approximately $1.15 million in the second quarter. Institutional investors and hedge funds collectively own 70.81% of the REIT.
• Analysts maintain a generally positive view, with Realty Income carrying a consensus rating of “Moderate Buy” and an average price target of $67.42.
• Realty Income reported quarterly revenue of $1.55 billion, up 9.7% year over year, while matching earnings expectations at $1.09 per share. The company also announced a monthly dividend of $0.271 per share, representing a 5.1% annualized yield.

Fairtree Asset Management Pty Ltd acquired a new stake in Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 18,594 shares of the real estate investment trust's stock, valued at approximately $1,152,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Portfolio Design Labs LLC bought a new position in shares of Realty Income in the 2nd quarter valued at $234,000. Reliant Investment Partners LLC bought a new stake in Realty Income during the 2nd quarter worth $321,000. Altman Advisors Inc. bought a new stake in Realty Income during the 2nd quarter worth $1,932,000. Vise Technologies Inc. acquired a new position in Realty Income in the 2nd quarter worth about $2,365,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Realty Income in the second quarter valued at approximately $2,636,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Realty Income from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 15th. Huntington began coverage on Realty Income in a research report on Wednesday, July 15th. They set an "outperform" rating and a $70.00 target price for the company. Mizuho reduced their price target on Realty Income from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 13th. Morgan Stanley set a $67.00 price objective on Realty Income in a research report on Monday, April 27th. Finally, Jefferies Financial Group assumed coverage on Realty Income in a research note on Monday, June 1st. They issued a "buy" rating and a $69.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Realty Income has an average rating of "Moderate Buy" and a consensus target price of $67.42.

Realty Income Trading Up 0.5%

O opened at $63.27 on Friday. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The company has a fifty day moving average of $63.18 and a 200-day moving average of $63.16. The stock has a market cap of $59.87 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 4.47 and a beta of 0.71. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting analysts' consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.271 per share. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.1%. Realty Income's dividend payout ratio is presently 237.23%.

Realty Income Profile

Realty Income Corporation NYSE: O is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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