Legacy Wealth Managment LLC ID Buys 16,735 Shares of Realty Income Corporation $O

Key Points

• Legacy Wealth Managment LLC ID increased its Realty Income stake by 7,747.7%, buying 16,735 additional shares to reach 16,951 shares valued at approximately $1.05 million. Institutional investors collectively own 70.81% of the REIT.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $67.36, compared with the stock’s reported price of $61.71.
• Realty Income matched quarterly EPS estimates at $1.09 and exceeded revenue expectations with $1.55 billion, up 9.7% year over year. The company also declared a monthly dividend of $0.271 per share, representing an annualized yield of about 5.3%.

Legacy Wealth Managment LLC ID raised its stake in Realty Income Corporation (NYSE:O - Free Report) by 7,747.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,951 shares of the real estate investment trust's stock after buying an additional 16,735 shares during the quarter. Legacy Wealth Managment LLC ID's holdings in Realty Income were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EFG International AG bought a new stake in shares of Realty Income in the 4th quarter valued at about $26,000. Dunhill Financial LLC bought a new position in Realty Income during the 2nd quarter worth approximately $27,000. Evolution Wealth Management Inc. grew its holdings in Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 360 shares during the period. Quattro Advisors LLC acquired a new position in Realty Income during the fourth quarter valued at approximately $29,000. Finally, Sankala Group LLC acquired a new position in Realty Income during the fourth quarter valued at approximately $32,000. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a report on Tuesday, June 30th. Jefferies Financial Group began coverage on shares of Realty Income in a research report on Monday, June 1st. They issued a "buy" rating and a $69.00 price objective for the company. Freedom Capital upgraded shares of Realty Income from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 11th. Royal Bank Of Canada dropped their price objective on Realty Income from $71.00 to $70.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Finally, Evercore set a $68.00 target price on Realty Income in a report on Friday, August 7th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $67.36.

Realty Income Stock Performance

Shares of O opened at $61.71 on Friday. 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 twelve month low of $55.86 and a twelve month high of $67.93. The firm's 50 day moving average price is $63.31 and its two-hundred day moving average price is $63.07. The firm has a market cap of $58.39 billion, a P/E ratio of 45.04, a PEG ratio of 4.36 and a beta of 0.71.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09. The company had revenue of $1.55 billion during 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%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. 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 EPS for the current fiscal year.

Realty Income Announces Dividend

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

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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