Kestra Advisory Services LLC Buys 17,915 Shares of Realty Income Corporation $O

Kestra Advisory Services LLC raised its stake in shares of Realty Income Corporation (NYSE:O) by 9.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,204 shares of the real estate investment trust’s stock after buying an additional 17,915 shares during the quarter. Kestra Advisory Services LLC’s holdings in Realty Income were worth $13,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after buying an additional 684,949 shares in the last quarter. State Street Corp grew its stake in Realty Income by 0.8% during the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after acquiring an additional 531,095 shares in the last quarter. Geode Capital Management LLC increased its holdings in Realty Income by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after acquiring an additional 793,100 shares during the period. Morgan Stanley increased its holdings in Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after acquiring an additional 3,252,091 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Realty Income by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,863,638 shares of the real estate investment trust’s stock worth $725,144,000 after acquiring an additional 192,467 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 0.0%

Shares of Realty Income stock opened at $63.34 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The firm has a market cap of $59.06 billion, a PE ratio of 51.92, a PEG ratio of 4.94 and a beta of 0.72. The company has a 50 day simple moving average of $61.99 and a two-hundred day simple moving average of $62.17.

Realty Income (NYSE:O) last issued 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. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.271 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, July 31st. Realty Income’s dividend payout ratio is currently 266.39%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus set a $70.75 price target on shares of Realty Income in a report on Tuesday, June 30th. Jefferies Financial Group started coverage on shares of Realty Income in a report on Monday, June 1st. They issued a “buy” rating and a $69.00 price target on the stock. Barclays increased their price objective on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. UBS Group set a $67.00 price objective on Realty Income in a research note on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.65.

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.