Realty Income Corporation $O Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its position in shares of Realty Income Corporation (NYSE:O) by 48.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 171,365 shares of the real estate investment trust’s stock after purchasing an additional 55,860 shares during the quarter. Corient Private Wealth LLC’s holdings in Realty Income were worth $9,698,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. EFG International AG purchased a new position in Realty Income in the fourth quarter worth approximately $26,000. Stance Capital LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at $27,000. Evolution Wealth Management Inc. grew its holdings in shares of Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 360 shares during the period. Quattro Advisors LLC purchased a new position in shares of Realty Income during the 4th quarter worth $29,000. Finally, Ameriflex Group Inc. increased its position in shares of Realty Income by 68.7% during the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 0.8%

Shares of NYSE:O opened at $62.02 on Thursday. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The company’s 50 day moving average is $62.20 and its two-hundred day moving average is $61.68. The company has a market cap of $57.84 billion, a PE ratio of 50.84, a P/E/G ratio of 4.80 and a beta of 0.72. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities analysts predict that Realty Income Corporation will post 4.45 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, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.271 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Loop Capital set a $69.00 target price on shares of Realty Income in a research report on Monday, March 2nd. Royal Bank Of Canada upped their price objective on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Barclays increased their price objective on shares of Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Scotiabank dropped 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. Finally, Cantor Fitzgerald upped their price target on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.75.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.