Legacy Wealth Managment LLC ID raised its holdings in shares of Realty Income Corporation (NYSE:O – Free Report) by 7,747.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 16,951 shares of the real estate investment trust’s stock after buying an additional 16,735 shares during the period. Legacy Wealth Managment LLC ID’s holdings in Realty Income were worth $1,050,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in O. BlackRock Inc. bought a new stake in shares of Realty Income in the second quarter worth $6,997,219,000. State Street Corp grew its position in Realty Income by 0.8% in 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 purchasing an additional 531,095 shares in the last quarter. Geode Capital Management LLC grew its position in Realty Income by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after purchasing an additional 793,100 shares in the last quarter. Bank of America Corp DE increased its stake in Realty Income by 10.3% in the 2nd quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust’s stock valued at $1,184,551,000 after buying an additional 1,785,859 shares during the last quarter. Finally, Morgan Stanley increased its stake in Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
O has been the topic of several analyst reports. UBS Group set a $67.00 price target on shares of Realty Income in a research report on Thursday, June 18th. Royal Bank Of Canada lowered their target price on Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Barclays dropped their target price on Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Evercore set a $68.00 price target on Realty Income in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Realty Income from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.36.
Realty Income Stock Performance
NYSE O opened at $61.71 on Friday. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average price is $63.31 and its two-hundred day moving average price is $63.07. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The firm has a market capitalization of $58.39 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 4.36 and a beta of 0.71.
Realty Income (NYSE:O – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, research analysts anticipate that Realty Income Corporation will post 4.43 EPS for the current year.
Realty Income Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.271 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, August 31st. Realty Income’s dividend payout ratio (DPR) is 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.
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