CrossGen Wealth LLC Acquires New Position in Realty Income Corporation $O

CrossGen Wealth LLC acquired a new stake in Realty Income Corporation (NYSE:O) during the fourth quarter, HoldingsChannel reports. The fund acquired 14,893 shares of the real estate investment trust’s stock, valued at approximately $840,000.

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

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Scotiabank lowered their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a research note on Thursday. Mizuho cut their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Cantor Fitzgerald lifted their price objective on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada boosted their price objective on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $66.75.

Insiders Place Their Bets

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the transaction, the insider owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Down 0.4%

NYSE:O opened at $60.35 on Friday. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market cap of $56.27 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 4.74 and a beta of 0.72. The stock has a 50-day moving average price of $62.37 and a two-hundred day moving average price of $61.59.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $1.06 earnings per share. Realty Income’s revenue was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities analysts expect that Realty Income Corporation will post 4.44 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced 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 an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.4%. Realty Income’s dividend payout ratio is 266.39%.

Realty Income Company 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.