41,782 Shares in Realty Income Corporation $O Acquired by OMC Financial Services LTD

Key Points

• OMC Financial Services acquired 41,782 Realty Income shares in the second quarter, valued at approximately $2.59 million. Institutional investors collectively own 70.81% of the REIT.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $67.42.
• Realty Income reported quarterly EPS of $1.09, matching estimates, while revenue reached $1.55 billion and rose 9.7% year over year. The company also paid a monthly dividend of $0.271 per share, representing a yield of about 5.2%.

OMC Financial Services LTD bought a new position in Realty Income Corporation (NYSE:O - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 41,782 shares of the real estate investment trust's stock, valued at approximately $2,589,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Flputnam Investment Management Co. purchased a new position in shares of Realty Income in the 2nd quarter worth $412,000. Global Retirement Partners LLC purchased a new stake in Realty Income during the second quarter valued at $3,049,000. Silverlake Wealth Management LLC bought a new position in Realty Income in the second quarter valued at about $353,000. M3 Wealth Management LLC bought a new position in Realty Income in the second quarter valued at about $2,665,000. Finally, Bank of New York Mellon Corp purchased a new position in Realty Income in the second quarter worth about $340,180,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Jefferies Financial Group began coverage on Realty Income in a research note on Monday, June 1st. They set a "buy" rating and a $69.00 price target for the company. Barclays dropped their price objective on shares of Realty Income from $68.00 to $67.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley set a $67.00 target price on shares of Realty Income in a research report on Monday, April 27th. Evercore set a $68.00 target price on shares of Realty Income in a report on Friday, August 7th. Finally, Stifel Nicolaus set a $70.75 price target on shares of Realty Income in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $67.42.

Realty Income Stock Performance

Shares of O opened at $62.75 on Monday. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $63.07 and a two-hundred day simple moving average of $63.10. The stock has a market cap of $59.38 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 4.46 and a beta of 0.71. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93.

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

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.271 per share. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.2%. Realty Income's dividend payout ratio (DPR) is presently 237.23%.

About Realty Income

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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