Wealth Enhancement Advisory Services LLC grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 749,649 shares of the real estate investment trust's stock after purchasing an additional 80,829 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.08% of Realty Income worth $43,042,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of O. Vanguard Group Inc. lifted its holdings in Realty Income by 2.5% in the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust's stock valued at $9,102,107,000 after buying an additional 3,594,127 shares during the period. State Street Corp grew its holdings in Realty Income by 2.1% during the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust's stock worth $3,831,526,000 after acquiring an additional 1,295,936 shares during the period. Dimensional Fund Advisors LP grew its holdings in Realty Income by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust's stock worth $770,273,000 after acquiring an additional 433,602 shares during the period. Raymond James Financial Inc. raised its position in shares of Realty Income by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust's stock worth $740,844,000 after acquiring an additional 175,102 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Realty Income in the 2nd quarter valued at about $676,500,000. Institutional investors and hedge funds own 70.81% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on O. Freedom Capital lowered Realty Income from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a "hold" rating to a "buy" rating and set a $69.00 target price for the company in a report on Tuesday, January 20th. Barclays increased their price target on Realty Income from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, March 13th. Mizuho raised their price objective on shares of Realty Income from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 11th. Finally, Cantor Fitzgerald lifted their price objective on shares of Realty Income from $60.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, February 27th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus price target of $66.39.
Read Our Latest Research Report on Realty Income
Realty Income Stock Performance
Shares of Realty Income stock opened at $60.81 on Tuesday. The business has a 50-day simple moving average of $63.52 and a 200 day simple moving average of $60.10. Realty Income Corporation has a one year low of $50.71 and a one year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $56.70 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 4.51 and a beta of 0.77.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.
Realty Income Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.2705 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is 276.92%.
About Realty Income
(
Free Report)
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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