Allworth Financial LP acquired a new stake in Realty Income Corporation (NYSE:O - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 280,847 shares of the real estate investment trust's stock, valued at approximately $17,401,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Realty Income by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust's stock worth $8,478,910,000 after buying an additional 684,949 shares in the last quarter. Danske Bank A S raised its holdings in Realty Income by 20.3% in the fourth quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust's stock valued at $32,025,000 after acquiring an additional 95,773 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Realty Income by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust's stock worth $130,999,000 after acquiring an additional 16,546 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Realty Income by 5.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,730,032 shares of the real estate investment trust's stock worth $156,458,000 after acquiring an additional 140,685 shares during the last quarter. Finally, 1834 Investment Advisors Co. grew its holdings in Realty Income by 86.7% during the 4th quarter. 1834 Investment Advisors Co. now owns 39,734 shares of the real estate investment trust's stock worth $2,240,000 after acquiring an additional 18,455 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.
Realty Income Stock Up 0.5%
Realty Income stock opened at $63.27 on Friday. The company has a market capitalization of $59.87 billion, a P/E ratio of 46.18, a PEG ratio of 4.47 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 Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The stock has a 50-day simple moving average of $63.18 and a 200-day simple moving average of $63.16.
Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Equities research analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current year.
Realty Income Announces Dividend
The firm also recently declared 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. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 5.1%. Realty Income's dividend payout ratio is 237.23%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of Realty Income from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their target price on shares of Realty Income from $71.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th. Mizuho cut their price target on Realty Income from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company upped their price objective on Realty Income from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.42.
Read Our Latest Report on O
Realty Income Company Profile
(
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.
Further Reading
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