OneDigital Investment Advisors LLC Takes Position in Realty Income Corporation $O

Key Points

• OneDigital Investment Advisors acquired 83,518 shares of Realty Income, valued at approximately $5.18 million, while institutional investors collectively own 70.81% of the REIT.
• Realty Income reported quarterly revenue of $1.55 billion, up 9.7% year over year and above expectations, while adjusted earnings of $1.09 per share matched consensus estimates.
• The company paid a monthly dividend of $0.271 per share, representing an annualized yield of approximately 5.2%; analysts maintain a consensus “Moderate Buy” rating with a $67.42 price target.

OneDigital Investment Advisors LLC acquired a new position in Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,518 shares of the real estate investment trust's stock, valued at approximately $5,175,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after purchasing an additional 615 shares during the period. Bison Wealth LLC acquired a new position in Realty Income during the fourth quarter worth $571,000. Empowered Funds LLC boosted its position in shares of Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock worth $1,041,000 after buying an additional 1,330 shares during the period. Woodline Partners LP boosted its position in shares of Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock worth $4,289,000 after buying an additional 21,603 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Realty Income by 14.9% in the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust's stock valued at $1,474,000 after buying an additional 3,290 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 0.0%

Shares of Realty Income stock opened at $62.75 on Monday. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a 50 day moving average of $63.07 and a 200 day moving average of $63.10. 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 company has a market capitalization of $59.38 billion, a P/E ratio of 45.80, a P/E/G ratio of 4.46 and a beta of 0.71.

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

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.271 per share. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Realty Income's payout ratio is presently 237.23%.

Analyst Ratings Changes

Several research firms recently issued reports on O. Huntington initiated coverage on Realty Income in a report on Wednesday, July 15th. They issued an "outperform" rating and a $70.00 price objective on the stock. Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th. Scotiabank lowered their target price on Realty Income from $72.00 to $67.00 and set a "sector outperform" rating for the company in a report on Thursday, June 18th. Barclays dropped their target price on Realty Income from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Realty Income from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 15th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.42.

About Realty Income

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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O - Free Report).

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