12,841 Shares in Realty Income Corporation $O Purchased by Sterling Financial Planning Inc.

Sterling Financial Planning Inc. bought a new position in Realty Income Corporation (NYSE:O) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,841 shares of the real estate investment trust’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. EFG International AG purchased a new stake in shares of Realty Income during the 4th quarter valued at about $26,000. Dunhill Financial LLC bought a new position in Realty Income during the second quarter valued at approximately $27,000. Evolution Wealth Management Inc. boosted its holdings in Realty Income by 257.1% in the fourth 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 last quarter. Quattro Advisors LLC bought a new stake in Realty Income in the 4th quarter worth approximately $29,000. Finally, Sankala Group LLC bought a new stake in Realty Income in the 4th quarter worth approximately $32,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $67.00 price target on Realty Income in a research note on Monday, April 27th. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wells Fargo & Company increased their target price on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Stifel Nicolaus set a $70.75 target price on Realty Income in a research report on Tuesday, June 30th. Finally, 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. One research 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Price Performance

Shares of Realty Income stock opened at $62.61 on Friday. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The stock’s fifty day moving average is $63.18 and its 200 day moving average is $63.16. The stock has a market cap of $59.24 billion, a P/E ratio of 45.70, a P/E/G ratio of 4.48 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.Realty Income’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Sell-side analysts anticipate that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, August 31st. Realty Income’s payout ratio is presently 237.23%.

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.