Prestige Wealth Management Group LLC Sells 12,562 Shares of Realty Income Corporation $O

Prestige Wealth Management Group LLC reduced its holdings in Realty Income Corporation (NYSE:O) by 93.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 881 shares of the real estate investment trust’s stock after selling 12,562 shares during the period. Prestige Wealth Management Group LLC’s holdings in Realty Income were worth $50,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after buying an additional 684,949 shares during the period. State Street Corp increased its position in shares of Realty Income by 2.1% during the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after purchasing an additional 1,295,936 shares during the period. Geode Capital Management LLC increased its position in shares of Realty Income by 2.8% during 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 during the period. Dimensional Fund Advisors LP increased its position in shares of Realty Income by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock valued at $770,273,000 after purchasing an additional 433,602 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Realty Income by 1.5% during the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock valued at $740,844,000 after purchasing an additional 175,102 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on O. Mizuho lowered their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Stifel Nicolaus boosted their price objective on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group initiated coverage on Realty Income in a research report on Monday. They set a “buy” rating and a $69.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.46.

Realty Income Trading Up 1.9%

Shares of O opened at $60.90 on Friday. 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 12-month low of $55.60 and a 12-month high of $67.93. The firm has a market capitalization of $56.79 billion, a PE ratio of 49.92, a price-to-earnings-growth ratio of 4.67 and a beta of 0.72. The stock’s fifty day simple moving average is $62.38 and its 200-day simple moving average is $61.27.

Realty Income (NYSE:O) last issued 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The firm’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. As a group, research analysts predict that Realty Income Corporation will post 4.44 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.2705 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, May 29th. Realty Income’s dividend payout ratio is currently 266.39%.

Insider Buying and Selling

In related news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the sale, the insider owned 67,641 shares in the company, 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 SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Realty Income Company 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.