Dearborn Partners LLC acquired a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 75,806 shares of the real estate investment trust's stock, valued at approximately $4,638,000.
Other institutional investors also recently bought and sold shares of the company. Dunhill Financial LLC purchased a new position in shares of Realty Income in the second quarter valued at $27,000. EFG International AG purchased a new stake in shares of Realty Income in the 4th quarter worth about $26,000. Evolution Wealth Management Inc. boosted its position in shares of Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust's stock worth $28,000 after buying an additional 360 shares in the last quarter. Quattro Advisors LLC acquired a new stake in Realty Income in the 4th quarter valued at about $29,000. Finally, Sankala Group LLC acquired a new stake in Realty Income in the 4th quarter valued at about $32,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Realty Income Price Performance
Realty Income stock opened at $63.16 on Tuesday. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The firm has a 50 day moving average price of $63.20 and a 200 day moving average price of $63.19. The company has a market cap of $59.77 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 4.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88.
Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting analysts' consensus estimates of $1.09. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. Realty Income's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Sell-side analysts predict that Realty Income Corporation will post 4.43 earnings per share for the current year.
Realty Income Dividend Announcement
The company 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 $0.271 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, August 31st. Realty Income's dividend payout ratio (DPR) is 237.23%.
Analyst Upgrades and Downgrades
O has been the subject of a number of research reports. Evercore set a $68.00 target price on shares of Realty Income in a research report on Friday, August 7th. UBS Group set a $67.00 price objective on shares of Realty Income in a research note on Thursday, June 18th. Huntington began coverage on Realty Income in a research report on Wednesday, July 15th. They set an "outperform" rating and a $70.00 price objective for the company. Stifel Nicolaus set a $70.75 target price on Realty Income in a research note on Tuesday, June 30th. Finally, Morgan Stanley set a $67.00 target price on Realty Income in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $67.42.
View Our Latest Stock Report on Realty Income
About Realty Income
(
Free Report)
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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