Realty Income Corporation $O Shares Acquired by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC boosted its position in shares of Realty Income Corporation (NYSE:OFree Report) by 1,408.5% in the first quarter, HoldingsChannel.com reports. The fund owned 13,290 shares of the real estate investment trust’s stock after purchasing an additional 12,409 shares during the period. Prestige Wealth Management Group LLC’s holdings in Realty Income were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of O. Norges Bank acquired a new stake in shares of Realty Income during the fourth quarter worth about $558,775,000. Morgan Stanley lifted its holdings in 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 buying an additional 3,252,091 shares in the last quarter. Deutsche Bank AG boosted its position in Realty Income by 45.1% in the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after buying an additional 1,554,726 shares during the period. State Street Corp boosted its position in Realty Income by 2.1% in the 3rd 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 buying an additional 1,295,936 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Realty Income by 8.3% in the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock worth $603,131,000 after acquiring an additional 823,489 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Key Realty Income News

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

Realty Income Price Performance

Shares of NYSE O opened at $65.14 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The stock has a 50 day moving average of $62.31 and a two-hundred day moving average of $62.63. The stock has a market cap of $60.74 billion, a P/E ratio of 53.39, a P/E/G ratio of 5.07 and a beta of 0.72.

Realty Income (NYSE:OGet Free Report) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts forecast that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th. Morgan Stanley set a $67.00 price objective on Realty Income in a research report on Monday, April 27th. Royal Bank Of Canada raised their target price on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Robert W. Baird boosted their price target on shares of Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.11.

View Our Latest Report on Realty Income

Realty Income Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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