Linscomb Wealth Inc. Acquires 9,658 Shares of Realty Income Corporation $O

Linscomb Wealth Inc. lifted its position in shares of Realty Income Corporation (NYSE:O) by 17.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,762 shares of the real estate investment trust’s stock after buying an additional 9,658 shares during the quarter. Linscomb Wealth Inc.’s holdings in Realty Income were worth $3,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Patrick M Sweeney & Associates Inc. grew its position in shares of Realty Income by 4.5% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 164 shares in the last quarter. CYBER HORNET ETFs LLC grew its position in shares of Realty Income by 7.4% during the 4th quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 166 shares in the last quarter. Sage Private Wealth Group LLC grew its position in shares of Realty Income by 2.2% during the 4th quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 170 shares in the last quarter. Trust Investment Advisors grew its position in shares of Realty Income by 0.8% during the 4th quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock worth $1,311,000 after buying an additional 178 shares in the last quarter. Finally, First National Trust Co grew its position in shares of Realty Income by 1.2% during the 4th quarter. First National Trust Co now owns 15,109 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 180 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.6%

Shares of NYSE O opened at $61.31 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $57.17 billion, a P/E ratio of 50.25, a price-to-earnings-growth ratio of 4.82 and a beta of 0.75. Realty Income Corporation has a 1-year low of $55.52 and a 1-year high of $67.93. The business has a fifty day moving average price of $62.48 and a 200 day moving average price of $61.16.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts expect that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, May 29th. Realty Income’s dividend payout ratio is 265.57%.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the sale, the insider directly owned 67,641 shares in the company, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on O. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Morgan Stanley set a $67.00 price target on Realty Income in a research report on Monday, April 27th. UBS Group increased their price target on Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Royal Bank Of Canada upped their price objective on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average target price of $67.35.

Realty Income 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.