Parallel Advisors LLC Sells 56,785 Shares of Realty Income Corporation $O

Parallel Advisors LLC reduced its stake in shares of Realty Income Corporation (NYSE:O) by 41.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,584 shares of the real estate investment trust’s stock after selling 56,785 shares during the quarter. Parallel Advisors LLC’s holdings in Realty Income were worth $4,599,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in O. Patrick M Sweeney & Associates Inc. boosted its position in shares of Realty Income by 4.5% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 164 shares during the period. CYBER HORNET ETFs LLC boosted its position in shares of Realty Income by 7.4% during the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 166 shares during the period. Sage Private Wealth Group LLC boosted its position in shares of Realty Income by 2.2% during the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 170 shares during the period. Trust Investment Advisors boosted its position in shares of Realty Income by 0.8% during the fourth quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock valued at $1,311,000 after buying an additional 178 shares during the period. Finally, First National Trust Co boosted its position in shares of Realty Income by 1.2% during the fourth quarter. First National Trust Co now owns 15,109 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 180 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 1.9%

Shares of NYSE O opened at $60.90 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $56.79 billion, a price-to-earnings ratio of 49.92, a PEG ratio of 4.67 and a beta of 0.72. The stock has a 50 day moving average price of $62.38 and a 200 day moving average price of $61.27. Realty Income Corporation has a 52-week low of $55.60 and a 52-week high of $67.93.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.Realty Income’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.44 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. Realty Income’s payout ratio is presently 266.39%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on O. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley set a $67.00 target price on Realty Income in a research report on Monday, April 27th. Scotiabank restated an “outperform” rating on shares of Realty Income in a research report on Tuesday, May 12th. Royal Bank Of Canada boosted their target price on Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Loop Capital set a $69.00 price objective on shares of Realty Income in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $67.46.

Insider Activity

In related news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction that occurred on 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. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.