58,509 Shares in Realty Income Corporation $O Purchased by Clearstead Trust LLC

Key Points

• Clearstead Trust LLC purchased 58,509 Realty Income shares worth approximately $3.625 million during the second quarter. Institutional investors collectively own 70.81% of the REIT.
• Analysts maintain a generally positive outlook, with one Strong Buy, eight Buy, seven Hold and one Sell rating. Realty Income has a “Moderate Buy” consensus rating and an average price target of $67.42.
• Realty Income reported quarterly revenue of $1.55 billion, up 9.7% year over year, while meeting the $1.09 EPS consensus. The company also paid a monthly dividend of $0.271 per share, representing a stated 5.2% yield.

Clearstead Trust LLC purchased a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 58,509 shares of the real estate investment trust's stock, valued at approximately $3,625,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Realty Income during the fourth quarter valued at approximately $558,775,000. Morgan Stanley boosted its holdings in Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust's stock valued at $1,031,080,000 after acquiring an additional 3,252,091 shares during the period. Deutsche Bank AG boosted its holdings in Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust's stock valued at $281,792,000 after acquiring an additional 1,554,726 shares during the period. Amundi grew its holdings in shares of Realty Income by 56.7% in the first quarter. Amundi now owns 4,183,310 shares of the real estate investment trust's stock worth $255,934,000 after purchasing an additional 1,514,119 shares during the last quarter. Finally, State Street Corp increased its stake in Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust's stock worth $3,831,526,000 after buying an additional 1,295,936 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on O shares. Royal Bank Of Canada dropped their target price on shares of Realty Income from $71.00 to $70.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company boosted their price target on Realty Income from $64.00 to $65.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th. Huntington initiated coverage on Realty Income in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $70.00 price objective on the stock. Jefferies Financial Group began 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. Finally, Morgan Stanley set a $67.00 target price on Realty Income in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Realty Income presently has an average rating of "Moderate Buy" and a consensus price target of $67.42.

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income completed a $1.0 billion offering of 3.750% convertible senior notes due 2031, including the full exercise of an additional $125 million option. The proceeds are expected to support a share repurchase of at least $750 million, debt repayment, property acquisitions and portfolio expansion. Realty Income Announces Closing of $1.0 Billion Convertible Senior Notes Offering
• Positive Sentiment: Capped-call transactions tied to the notes are designed to reduce potential shareholder dilution. The financing also gives Realty Income additional flexibility to pursue growth while maintaining its investment-grade balance sheet and A credit rating.
• Neutral Sentiment: The bull case emphasizes Realty Income’s 30.3% three-year total return and dependable monthly dividend. However, investors are debating whether the newly announced buyback and growth investments can materially improve returns from current valuation levels. The Bull Case For Realty Income Could Change Following $1 Billion Convertible Notes And Buyback Plan
• Negative Sentiment: Analysts characterize Realty Income as fully priced or expensive rather than a clear bargain. Its strong recent performance may leave less room for error, while higher interest costs or tenant weakness could pressure future results. Realty Income Stock Looks Fully Priced Despite Strong Returns And Income
• Negative Sentiment: Ashton Thomas Private Wealth LLC reduced its Realty Income position by 20.5%, selling 11,873 shares. The transaction is small relative to the company’s market value but adds a modest institutional-selling signal. Realty Income Corporation Stock Position Reduced by Ashton Thomas Private Wealth LLC

Realty Income Stock Down 0.3%

Realty Income stock opened at $62.75 on Friday. 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 firm has a market cap of $59.38 billion, a P/E ratio of 45.80, a P/E/G ratio of 4.46 and a beta of 0.71. The business has a fifty day moving average of $63.07 and a two-hundred day moving average of $63.08. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.09. The business 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 was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, analysts forecast that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Realty Income Company 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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