Corient Private Wealth LP Acquires New Holdings in Realty Income Corporation $O

Key Points

• Corient Private Wealth LP acquired 1,367,935 shares of Realty Income in the second quarter, valued at approximately $12.1 million and representing about 0.14% of the REIT. Institutional investors and hedge funds collectively own 70.81% of the company.
• Analysts maintain a generally favorable view, with a consensus rating of “Moderate Buy” and an average price target of $67.42, compared with the stock’s reported opening price of $62.03.
• Realty Income matched quarterly earnings estimates at $1.09 per share and reported revenue of $1.55 billion, up 9.7% year over year. The company also declared a monthly dividend of $0.271 per share, representing an indicated yield of approximately 5.2%.

Corient Private Wealth LP bought a new stake in Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,367,935 shares of the real estate investment trust's stock, valued at approximately $12,094,000. Corient Private Wealth LP owned approximately 0.14% of Realty Income as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of O. Ausdal Financial Partners Inc. boosted its position in shares of Realty Income by 11.0% during the second quarter. Ausdal Financial Partners Inc. now owns 29,733 shares of the real estate investment trust's stock worth $1,844,000 after purchasing an additional 2,939 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Realty Income by 10.3% in the 2nd quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust's stock valued at $1,184,551,000 after buying an additional 1,785,859 shares during the period. Magnolia Capital Advisors LLC bought a new stake in shares of Realty Income in the 2nd quarter valued at $1,462,000. Freestone Grove Partners LP bought a new stake in shares of Realty Income in the 2nd quarter valued at $9,555,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in Realty Income during the 2nd quarter worth $14,417,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Huntington started coverage on Realty Income in a report on Wednesday, July 15th. They set an "outperform" rating and a $70.00 target price on the stock. Evercore set a $68.00 price target on Realty Income in a report on Friday, August 7th. Wells Fargo & Company raised their price target 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. Barclays cut their price objective on Realty Income from $68.00 to $67.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group assumed coverage on Realty Income in a research report on Monday, June 1st. They issued a "buy" rating and a $69.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.42.

Realty Income Trading Up 0.4%

NYSE O opened at $62.03 on Friday. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. The stock's 50 day moving average price is $63.31 and its two-hundred day moving average price is $63.16. The stock has a market capitalization of $58.69 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 4.40 and a beta of 0.71.

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 earnings per share for the quarter, hitting the consensus estimate of $1.09. The company had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, analysts anticipate that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.271 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 5.2%. Realty Income's payout ratio is 237.23%.

Key Realty Income News

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

• Positive Sentiment: Falling bond yields could improve the appeal of Realty Income’s dividend yield relative to fixed-income alternatives. The company’s diversified net-lease portfolio and monthly distributions make it a potential beneficiary of renewed REIT demand. Could Falling Yields Make REIT Stocks Worth a Second Look?
• Positive Sentiment: Realty Income’s rising adjusted funds from operations, high occupancy and expansion into data centers are cited as support for continued dividend durability, even though payout growth is measured. Realty Income's Dividend Growth Stays Durable: Should You Buy or Hold?
• Positive Sentiment: Several income-focused articles continue to present Realty Income as a dependable monthly dividend payer and a high-quality REIT for long-term investors, potentially supporting demand from retirees and yield-oriented shareholders. Realty Income: The Best REIT To Own
• Positive Sentiment: Options-writing strategies may offer investors a way to enhance income from Realty Income shares, although this is an investment approach rather than a change to the company’s fundamentals. Realty Income: Long-Term Income Name 'Enhanced' Via Options Writing
• Neutral Sentiment: Realty Income’s ordinary-income distributions can create a relatively high tax burden in taxable accounts, making the stock potentially more attractive in tax-advantaged accounts such as Roth IRAs. These 5 Dividend Stocks Lose the Most to Taxes Outside a Roth
• Negative Sentiment: Critics argue that Realty Income’s acquisitions and broader business expansion have not accelerated growth enough, while Lamar Advertising is viewed as having stronger acquisition execution. Lamar's Acquisition Prowess Outshines Realty Income
• Negative Sentiment: Other commentary suggests investors may find better five-year total-return potential in VICI Properties, increasing competitive pressure on Realty Income among high-yield REITs. Prediction: This High-Yield Dividend Stock Will Outperform Realty Income Over the Next 5 Years

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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