Jefferies Financial Group Inc. bought a new stake in Realty Income Corporation (NYSE:O – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 46,061 shares of the real estate investment trust’s stock, valued at approximately $2,596,000.
Other large investors also recently made changes to their positions in the company. Stance Capital LLC acquired a new stake in shares of Realty Income in the 3rd quarter valued at about $27,000. Strengthening Families & Communities LLC grew its stake in shares of Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 422 shares during the period. Ameriflex Group Inc. grew its stake in shares of Realty Income by 68.7% in the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares during the period. FNY Investment Advisers LLC grew its stake in shares of 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 valued at $36,000 after buying an additional 560 shares during the period. Finally, Costello Asset Management INC acquired a new stake in shares of Realty Income in the 4th quarter valued at about $37,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Realty Income
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 transaction of $461,908.00. Following the transaction, the insider owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.
Realty Income Price Performance
Realty Income (NYSE:O – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Research analysts expect that Realty Income Corporation will post 4.45 EPS for the current fiscal year.
Realty Income Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.2705 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is currently 266.39%.
Wall Street Analysts Forecast Growth
O has been the subject of several research reports. Cantor Fitzgerald raised their target price on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Barclays lifted their price target on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Stifel Nicolaus lifted their price target on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.35.
Check Out Our Latest Stock Analysis on Realty Income
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.
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