Wealth Advisors of Tampa Bay LLC Takes $1.74 Million Position in Realty Income Corporation $O

Wealth Advisors of Tampa Bay LLC acquired a new stake in Realty Income Corporation (NYSE:O) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,865 shares of the real estate investment trust’s stock, valued at approximately $1,740,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stance Capital LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at about $27,000. Strengthening Families & Communities LLC lifted its stake in shares of Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares in the last quarter. Ameriflex Group Inc. lifted its stake in shares of Realty Income by 68.7% in the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Realty Income by 622.2% in the 4th quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 560 shares in the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of Realty Income in the 4th quarter valued at about $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Realty Income

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the sale, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. The trade was a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Realty Income Price Performance

O stock opened at $62.49 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 52-week low of $55.52 and a 52-week high of $67.93. The stock’s 50 day moving average is $62.61 and its two-hundred day moving average is $61.08. The company has a market capitalization of $58.27 billion, a PE ratio of 51.22, a P/E/G ratio of 4.84 and a beta of 0.75.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $1.06 EPS. Realty Income’s revenue for the quarter was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Analysts predict that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on O shares. Morgan Stanley set a $67.00 price objective on Realty Income in a research note on Monday, April 27th. Barclays raised their target price on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a report on Friday, April 10th. Cantor Fitzgerald raised their target price on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Finally, UBS Group raised their target price on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Realty Income has a consensus 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.