Realty Income Corporation $O Stock Holdings Cut by Wealth Alliance LLC

Wealth Alliance LLC lessened its position in Realty Income Corporation (NYSE:O) by 38.2% during the first quarter, Holdings Channel reports. The institutional investor owned 13,104 shares of the real estate investment trust’s stock after selling 8,089 shares during the quarter. Wealth Alliance LLC’s holdings in Realty Income were worth $802,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new stake in Realty Income in the 4th quarter valued at about $571,000. Empowered Funds LLC boosted its position in shares of Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,330 shares in the last quarter. Woodline Partners LP boosted its position in shares of Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Realty Income by 14.9% in the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after purchasing an additional 3,290 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a report on Wednesday, July 8th. Robert W. Baird upped their price target on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. Royal Bank Of Canada upped their price target on Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Huntington initiated coverage on Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.11.

Realty Income Stock Up 1.3%

O stock opened at $65.59 on Friday. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The company’s 50 day simple moving average is $62.45 and its 200-day simple moving average is $62.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $61.16 billion, a P/E ratio of 53.76, a P/E/G ratio of 5.12 and a beta of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The firm’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. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.271 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. Realty Income’s dividend payout ratio is presently 266.39%.

Key Realty Income News

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Analysts and market commentary continue to frame Realty Income as a reliable income stock, citing its long record of monthly dividends and steady payout growth. Realty Income vs SCHD ETF: Better buy for income investors?
• Positive Sentiment: Investor interest is also being supported by a bullish long-term thesis around Realty Income’s expansion into data centers, which could create a new growth engine for dividend increases over time. Realty Income’s Data Center Bet Could Turbocharge Dividend Growth Over the Next Decade
• Neutral Sentiment: Barclays reiterated a Hold rating on Realty Income, suggesting analysts still see the stock as fairly valued rather than an obvious bargain or sell candidate. Barclays Remains a Hold on Realty Income (O)

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.