17,563 Shares in Realty Income Corporation $O Bought by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position in shares of Realty Income Corporation (NYSE:O) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 17,563 shares of the real estate investment trust’s stock, valued at approximately $1,088,000.

A number of other hedge funds also recently bought and sold shares of O. EFG International AG acquired a new position in shares of Realty Income during the 4th quarter worth about $26,000. Dunhill Financial LLC acquired a new stake in Realty Income in the 2nd quarter valued at approximately $27,000. Evolution Wealth Management Inc. grew its holdings in Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 360 shares during the last quarter. Quattro Advisors LLC bought a new position in Realty Income in the 4th quarter worth approximately $29,000. Finally, Sankala Group LLC bought a new position in Realty Income in the 4th quarter worth approximately $32,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the subject of several research reports. Scotiabank reduced their price objective on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group began coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 target price on the stock. UBS Group set a $67.00 target price on shares of Realty Income in a research note on Thursday, June 18th. Mizuho reduced their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Wells Fargo & Company raised their price target on shares of Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.42.

Realty Income Trading Down 0.9%

Realty Income stock opened at $62.61 on Friday. The business has a 50 day moving average price of $63.18 and a two-hundred day moving average price of $63.16. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. The stock has a market cap of $59.24 billion, a price-to-earnings ratio of 45.70, a price-to-earnings-growth ratio of 4.48 and a beta of 0.71. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting the consensus estimate of $1.09. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.Realty Income’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities analysts forecast that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.271 per share. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.2%. Realty Income’s payout ratio is currently 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.