Perigon Wealth Management LLC Buys Shares of 19,371 Realty Income Corporation $O

Key Points

• Perigon Wealth Management bought 19,371 shares of Realty Income in the second quarter, valued at approximately $1.2 million. Institutional investors collectively own 70.81% of the REIT.
• Realty Income reported quarterly EPS of $1.09, in line with estimates, while revenue of $1.55 billion exceeded expectations and increased 9.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $67.42.
• The company declared a monthly dividend of $0.271 per share, equivalent to an annualized yield of about 5.2%. However, elevated Treasury yields may pressure demand for interest-rate-sensitive REIT shares.

Perigon Wealth Management LLC purchased a new position in Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,371 shares of the real estate investment trust's stock, valued at approximately $1,200,000.

Several other institutional investors and hedge funds have also modified their holdings of O. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Realty Income in the 2nd quarter worth $1,334,000. Phillips Wealth Planners LLC purchased a new position in Realty Income during the second quarter valued at $235,000. Trust Co. of Vermont purchased a new position in Realty Income during the second quarter valued at $18,336,000. Principle Wealth Partners LLC bought a new stake in Realty Income during the second quarter valued at about $587,000. Finally, Focused Wealth Management Inc bought a new stake in Realty Income during the second quarter valued at about $627,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Trading Down 0.2%

Shares of O stock opened at $62.30 on Wednesday. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. The firm has a market capitalization of $58.95 billion, a PE ratio of 45.47, a PEG ratio of 4.46 and a beta of 0.71. The stock has a fifty day simple moving average of $63.14 and a two-hundred day simple moving average of $63.13.

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, meeting analysts' consensus estimates of $1.09. The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last 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 predict that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.271 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.2%. Realty Income's payout ratio is currently 237.23%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore set a $68.00 price objective on Realty Income in a research note on Friday, August 7th. Mizuho cut their price objective on Realty Income from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Wednesday, May 13th. Scotiabank reduced 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 report on Thursday, June 18th. Wells Fargo & Company raised their target price 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. Finally, Freedom Capital upgraded shares of Realty Income from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. One 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 issued a Sell rating to the company's stock. According to MarketBeat, Realty Income currently has a consensus rating of "Moderate Buy" and an average price target of $67.42.

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Monthly dividend reaffirmed: Realty Income declared its 674th consecutive common-stock monthly dividend of $0.2710 per share, payable September 15 to shareholders of record August 31. The annualized payout is $3.252 per share, supporting the stock’s appeal to income investors. Realty Income Announces 674th Consecutive Common Stock Monthly Dividend
• Positive Sentiment: Long dividend-growth record highlighted: Coverage emphasizes Realty Income’s roughly 31-year streak of dividend increases and an approximately 5.2% yield. Monthly payments and a long history of rising distributions may attract retirees and other investors seeking dependable cash flow. Realty Income Yields 5.2%. Here's Why the Payout Keeps Growing.
• Neutral Sentiment: Data-center expansion offers a potential growth avenue: Realty Income is pursuing data-center investments to add scalable growth beyond traditional net-lease properties. The strategy could diversify its portfolio, but its effect on earnings will depend on execution and the pace of development. Realty Income's Data Center Bet: What Does It Mean for Growth?
• Negative Sentiment: High Treasury yields remain a headwind: The 10-year Treasury yield is reported at 4.63%, raising competition for Realty Income’s approximately 5.2% yield. A narrow yield premium can reduce demand for interest-rate-sensitive REIT shares and pressure valuations.

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.

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