Patron Partners LLC Takes $1.09 Million Position in Realty Income Corporation $O

Key Points

• Patron Partners LLC acquired 17,663 shares of Realty Income worth approximately $1.09 million during the second quarter, while institutional investors collectively own 70.81% of the REIT.
• Realty Income reported quarterly earnings of $1.09 per share, in line with estimates, while revenue of $1.55 billion exceeded forecasts and rose 9.7% year over year.
• The company declared a monthly dividend of $0.271 per share, representing an annualized yield of about 5.2%. Analysts maintain a “Moderate Buy” consensus with an average price target of $67.42 versus the stock’s $62.61 opening price.

Patron Partners LLC acquired a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,663 shares of the real estate investment trust's stock, valued at approximately $1,094,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC purchased a new position in Realty Income in the 2nd quarter valued at about $257,000. Paralel Advisors LLC acquired a new stake in shares of Realty Income during the 2nd quarter worth about $3,532,000. Allworth Financial LP purchased a new stake in shares of Realty Income during the second quarter worth about $17,401,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Realty Income during the second quarter worth about $1,534,000. Finally, Virtus Advisers LLC acquired a new position in shares of Realty Income in the second quarter valued at approximately $184,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Price Performance

Realty Income stock opened at $62.61 on Friday. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The firm has a 50 day moving average price of $63.18 and a 200 day moving average price of $63.16. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 4.48 and a beta of 0.71. 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 (NYSE:O - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting analysts' consensus estimates of $1.09. The company had revenue of $1.55 billion for 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%. Realty Income's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. 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 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 5.2%. The ex-dividend date is Monday, August 31st. Realty Income's dividend payout ratio is presently 237.23%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Realty Income in a research report on Monday, June 1st. They set a "buy" rating and a $69.00 target price on the stock. Wells Fargo & Company increased their price target on Realty Income from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 15th. Huntington assumed coverage on Realty Income in a report on Wednesday, July 15th. They set an "outperform" rating and a $70.00 price objective on the stock. Morgan Stanley set a $67.00 price objective on Realty Income in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded Realty Income from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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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