LPL Financial LLC Acquires 57,575 Shares of Realty Income Corporation $O

LPL Financial LLC increased its holdings in Realty Income Corporation (NYSE:O) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,634,528 shares of the real estate investment trust’s stock after buying an additional 57,575 shares during the quarter. LPL Financial LLC’s holdings in Realty Income were worth $148,508,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stance Capital LLC bought a new stake in Realty Income in the 3rd quarter worth about $27,000. Evolution Wealth Management Inc. increased its holdings in Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 360 shares in the last quarter. Ameriflex Group Inc. increased its holdings in Realty Income by 68.7% in the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in Realty Income by 622.2% in the 4th quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 560 shares in the last quarter. Finally, Costello Asset Management INC bought a new stake in Realty Income in the 4th quarter worth about $37,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group upgraded Realty Income to a “hold” rating in a report on Monday, June 1st. Cantor Fitzgerald lifted their price objective on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Mizuho cut their price target 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. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Jefferies Financial Group started coverage on Realty Income in a research note on Monday, June 1st. They set a “buy” rating and a $69.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.46.

Realty Income Trading Up 1.6%

NYSE:O opened at $62.23 on Thursday. 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 firm has a market capitalization of $58.03 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 4.79 and a beta of 0.72. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The business has a fifty day moving average price of $62.41 and a 200-day moving average price of $61.39.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.Realty Income’s 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. Sell-side analysts forecast that Realty Income Corporation will post 4.44 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.271 per share. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Realty Income’s dividend payout ratio is presently 265.57%.

Insider Activity

In related news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider directly owned 67,641 shares in the company, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

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.