HB Wealth Management LLC Raises Position in Realty Income Corporation $O

HB Wealth Management LLC increased its stake in Realty Income Corporation (NYSE:O) by 147.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,959 shares of the real estate investment trust’s stock after purchasing an additional 40,546 shares during the quarter. HB Wealth Management LLC’s holdings in Realty Income were worth $4,211,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Realty Income in the second quarter worth $6,997,219,000. State Street Corp lifted its position in shares of Realty Income by 0.8% during the 4th quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after buying an additional 531,095 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Realty Income by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after acquiring an additional 793,100 shares during the period. Bank of America Corp DE grew its stake in shares of Realty Income by 10.3% during the 2nd quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust’s stock worth $1,184,551,000 after acquiring an additional 1,785,859 shares during the period. Finally, Morgan Stanley grew its stake in shares of Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after acquiring an additional 3,252,091 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.0%

Shares of O opened at $61.22 on Tuesday. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The stock has a market cap of $57.93 billion, a PE ratio of 44.69, a P/E/G ratio of 4.35 and a beta of 0.71. 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 business’s 50-day moving average price is $63.23 and its 200-day moving average price is $63.00.

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

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, August 31st. Realty Income’s payout ratio is 237.23%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on O. Jefferies Financial Group assumed coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective on the stock. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a research note on Tuesday, June 30th. Mizuho lowered their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Robert W. Baird upped their price target on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Finally, Evercore set a $68.00 price objective on shares of Realty Income in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Realty Income presently has an average rating of “Moderate Buy” and an average target price of $67.23.

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.