N.E.W. Advisory Services LLC Invests $1.52 Million in Realty Income Corporation $O

N.E.W. Advisory Services LLC purchased a new position in shares of Realty Income Corporation (NYSE:O) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 24,597 shares of the real estate investment trust’s stock, valued at approximately $1,524,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of 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 valued at $326,000 after buying an additional 615 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Realty Income in the fourth quarter valued at about $571,000. Empowered Funds LLC lifted its position in 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 worth $1,041,000 after buying an additional 1,330 shares in the last quarter. Woodline Partners LP lifted its position in 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 worth $4,289,000 after buying an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Realty Income by 14.9% during 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 acquiring an additional 3,290 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the subject of several research reports. Barclays lowered their price objective on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. Jefferies Financial Group began coverage on shares of Realty Income in a research note on Monday, June 1st. They set a “buy” rating and a $69.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Stifel Nicolaus set a $70.75 price objective on shares of Realty Income in a research report on Tuesday, June 30th. Finally, Robert W. Baird boosted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.42.

Realty Income Price Performance

Shares of O stock opened at $62.75 on Monday. The stock has a 50-day moving average price of $63.07 and a 200 day moving average price of $63.10. 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 firm has a market cap of $59.38 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 4.46 and a beta of 0.71. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93.

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

Realty Income Announces Dividend

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