HB Wealth Management LLC Has $4.21 Million Stock Position in Realty Income Corporation $O

Key Points

• HB Wealth Management increased its Realty Income stake by 147.9% in the second quarter, bringing its holdings to 67,959 shares valued at approximately $4.21 million. Institutional investors collectively own 70.81% of the REIT.
• Realty Income reported quarterly earnings of $1.09 per share, matching estimates, while revenue rose 9.7% year over year to $1.55 billion. The company set fiscal 2026 EPS guidance at $4.440–$4.450.
• The company declared a monthly dividend of $0.271 per share, representing an annualized yield of about 5.3%. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $67.23, versus a recent share price of $61.22.

HB Wealth Management LLC lifted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 147.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,959 shares of the real estate investment trust's stock after purchasing an additional 40,546 shares during the quarter. HB Wealth Management LLC's holdings in Realty Income were worth $4,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its stake in Realty Income by 0.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust's stock valued at $130,999,000 after purchasing an additional 16,546 shares in the last quarter. Keudell Morrison Wealth Management bought a new position in shares of Realty Income in the fourth quarter valued at $1,037,000. Bison Wealth LLC acquired a new position in shares of Realty Income during the fourth quarter valued at about $571,000. Renaissance Technologies LLC acquired a new position in shares of Realty Income during the first quarter valued at about $3,147,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Realty Income during the second quarter worth about $17,203,000. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Shares of NYSE O opened at $61.22 on Tuesday. The company has a market capitalization of $57.93 billion, a PE ratio of 44.69, a PEG ratio of 4.35 and a beta of 0.71. 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 stock's 50 day moving average price is $63.23 and its 200-day moving average price is $63.00. 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 issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting analysts' consensus estimates of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company posted $1.05 earnings per share. Realty Income's quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, equities analysts anticipate that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, August 31st. Realty Income's payout ratio is presently 237.23%.

Analyst Ratings Changes

A number of research firms recently weighed in on O. Wells Fargo & Company lowered their target price on shares of Realty Income from $65.00 to $64.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 1st. Royal Bank Of Canada decreased their price objective on Realty Income from $71.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, August 7th. Scotiabank dropped their target price on Realty Income from $72.00 to $67.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 18th. Huntington started coverage on Realty Income in a research report on Wednesday, July 15th. They set an "outperform" rating and a $70.00 target price on the stock. Finally, Freedom Capital upgraded Realty Income from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. One research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.23.

Realty Income 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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