Realty Income Corporation $O Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in Realty Income Corporation (NYSE:O) by 9.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 147,702 shares of the real estate investment trust’s stock after purchasing an additional 12,767 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Realty Income were worth $9,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. EFG International AG acquired a new stake in Realty Income during the 4th quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new position in shares of Realty Income during the second quarter worth $27,000. Evolution Wealth Management Inc. lifted its position in Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 360 shares during the period. Quattro Advisors LLC acquired a new position in Realty Income during the fourth quarter valued at $29,000. Finally, Sankala Group LLC purchased a new stake in Realty Income in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 0.3%

O opened at $61.52 on Thursday. The company has a fifty day moving average of $63.31 and a two-hundred day moving average of $63.10. The stock has a market capitalization of $58.22 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 4.35 and a beta of 0.71. 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 0.73, a quick ratio of 5.88 and a current ratio of 5.88.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, research analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.271 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, August 31st. Realty Income’s dividend payout ratio (DPR) is presently 237.23%.

Analyst Ratings Changes

Several brokerages have weighed in on O. UBS Group set a $67.00 price target on Realty Income in a research report on Thursday, June 18th. Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th. Mizuho reduced their price target on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Jefferies Financial Group started coverage on Realty Income in a report on Monday, June 1st. They issued a “buy” rating and a $69.00 price target for the company. Finally, Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.36.

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.