Paralel Advisors LLC Purchases Shares of 57,000 Realty Income Corporation $O

Key Points

• Paralel Advisors LLC purchased 57,000 shares of Realty Income, valued at approximately $3.53 million, making the REIT its 29th-largest holding and about 0.1% of its portfolio. Institutional investors collectively own 70.81% of the company.
• Realty Income reported quarterly EPS of $1.09, matching estimates, while revenue reached $1.55 billion and rose 9.7% year over year. The company maintained its FY 2026 EPS guidance at $4.440–$4.450.
• The REIT declared a monthly dividend of $0.271 per share, implying a 5.1% annualized yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $67.42, compared with shares trading near $63.27.

Paralel Advisors LLC purchased a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 57,000 shares of the real estate investment trust's stock, valued at approximately $3,532,000. Realty Income accounts for about 0.1% of Paralel Advisors LLC's investment portfolio, making the stock its 29th biggest position.

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

Realty Income Trading Up 0.5%

Shares of NYSE O opened at $63.27 on Friday. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a market cap of $59.87 billion, a price-to-earnings ratio of 46.18, a P/E/G ratio of 4.47 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 business has a fifty 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 for the quarter, meeting analysts' consensus estimates of $1.09. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.Realty Income's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Sell-side analysts predict that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Dividend Announcement

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 $0.271 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, August 31st. Realty Income's dividend payout ratio (DPR) is presently 237.23%.

Wall Street Analysts Forecast Growth

O has been the topic of several recent research reports. Mizuho lowered their price objective on shares of Realty Income from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 13th. Scotiabank cut their target price on shares of Realty Income from $72.00 to $67.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 18th. Evercore set a $68.00 target price on shares of Realty Income in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Realty Income from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company lifted 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 report on Wednesday, July 15th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $67.42.

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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