Inceptionr LLC raised its position in Realty Income Corporation (NYSE:O – Free Report) by 454.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,552 shares of the real estate investment trust’s stock after purchasing an additional 16,845 shares during the quarter. Inceptionr LLC’s holdings in Realty Income were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the company. Patrick M Sweeney & Associates Inc. lifted its stake in Realty Income by 4.5% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 164 shares during the last quarter. CYBER HORNET ETFs LLC lifted its stake in Realty Income by 7.4% in the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 166 shares during the last quarter. Sage Private Wealth Group LLC lifted its stake in Realty Income by 2.2% in the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 170 shares during the last quarter. Trust Investment Advisors lifted its stake in Realty Income by 0.8% in the fourth quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock valued at $1,311,000 after acquiring an additional 178 shares during the last quarter. Finally, First National Trust Co lifted its stake in Realty Income by 1.2% in the fourth quarter. First National Trust Co now owns 15,109 shares of the real estate investment trust’s stock valued at $852,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on O. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Royal Bank Of Canada increased their price target on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Barclays increased their price target on shares of Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. UBS Group upgraded shares of Realty Income to a “hold” rating in a research note on Monday, June 1st. Finally, Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus price target of $67.46.
Insider Buying and Selling at Realty Income
In other news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction dated 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 directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.
Realty Income Price Performance
Shares of O opened at $62.23 on Thursday. The firm has a market capitalization of $58.03 billion, a PE ratio of 51.00, a PEG ratio of 4.79 and a beta of 0.72. The company’s 50-day moving average is $62.41 and its 200-day moving average is $61.39. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. 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 (NYSE:O – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The company 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 company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities analysts forecast that Realty Income Corporation will post 4.44 EPS for the current year.
Realty Income Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.271 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.2%. Realty Income’s payout ratio is currently 265.57%.
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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