Oppenheimer Asset Management Inc. Purchases Shares of 13,390 Realty Income Corporation $O

Oppenheimer Asset Management Inc. acquired a new stake in Realty Income Corporation (NYSE:O) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,390 shares of the real estate investment trust’s stock, valued at approximately $830,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EFG International AG bought a new stake in Realty Income in the fourth quarter valued at about $26,000. Evolution Wealth Management Inc. lifted its stake 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 worth $28,000 after purchasing an additional 360 shares during the period. Quattro Advisors LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $29,000. Sankala Group LLC acquired a new stake in Realty Income during the fourth quarter valued at approximately $32,000. Finally, Canton Hathaway LLC bought a new stake in shares of Realty Income in the 1st quarter valued at approximately $40,000. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th. Robert W. Baird boosted their price target on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Evercore set a $68.00 price objective on Realty Income in a research note on Friday, August 7th. Barclays cut their price objective on Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Finally, Huntington assumed coverage on shares of Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.42.

Realty Income Stock Performance

O stock opened at $62.46 on Tuesday. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. 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 company has a market cap of $59.10 billion, a P/E ratio of 45.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.71. The business’s fifty day moving average is $63.12 and its 200-day moving average is $63.11.

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

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.271 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, July 31st. Realty Income’s payout ratio is presently 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.