18,394 Shares in Realty Income Corporation $O Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in shares of Realty Income Corporation (NYSE:O) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 18,394 shares of the real estate investment trust’s stock, valued at approximately $1,037,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its position in Realty Income by 5.3% during the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock valued at $186,497,000 after purchasing an additional 155,677 shares during the period. Allied Investment Advisors LLC acquired a new position in Realty Income during the 3rd quarter valued at about $10,870,000. J. Safra Sarasin Holding AG acquired a new position in Realty Income during the 3rd quarter valued at about $26,175,000. Pensionfund PDN acquired a new position in Realty Income during the 4th quarter valued at about $7,434,000. Finally, Vanguard Group Inc. lifted its position in Realty Income by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after purchasing an additional 684,949 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was 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. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Realty Income Trading Down 0.0%

Shares of Realty Income stock opened at $62.22 on Friday. The business has a fifty day simple moving average of $62.76 and a two-hundred day simple moving average of $60.97. Realty Income Corporation has a 1 year low of $54.64 and a 1 year high of $67.93. The company has a market capitalization of $58.02 billion, a price-to-earnings ratio of 51.00, a P/E/G ratio of 4.87 and a beta of 0.75. 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) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $1.06 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Research analysts forecast that Realty Income Corporation will post 4.44 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, May 29th. Realty Income’s payout ratio is currently 266.39%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on O shares. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Morgan Stanley set a $67.00 target price on shares of Realty Income in a report on Monday, April 27th. Scotiabank reaffirmed an “outperform” rating on shares of Realty Income in a research note on Tuesday, May 12th. Barclays raised their price target on shares of Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, Mizuho cut their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.35.

About Realty Income

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.