Oppenheimer Asset Management Inc. Invests $830,000 in Realty Income Corporation $O

Oppenheimer Asset Management Inc. acquired a new position in shares of Realty Income Corporation (NYSE:O) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 13,390 shares of the real estate investment trust’s stock, valued at approximately $830,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Realty Income by 11.2% in the 4th 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 during the last quarter. Bison Wealth LLC acquired a new stake in Realty Income in the fourth quarter valued at $571,000. Empowered Funds LLC grew its position in shares of Realty Income by 8.0% in the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 1,330 shares during the period. Woodline Partners LP increased its stake in shares of 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 purchasing an additional 21,603 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of 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 purchasing an additional 3,290 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the topic of a number of recent analyst reports. UBS Group set a $67.00 price target on Realty Income in a research report on Thursday, June 18th. Barclays dropped their price objective on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Evercore set a $68.00 target price on shares of Realty Income in a report on Friday, August 7th. Royal Bank Of Canada decreased their price target on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Finally, Wells Fargo & Company increased 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Trading Down 0.4%

O stock opened at $62.46 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. The company’s 50-day simple moving average is $63.12 and its 200 day simple moving average is $63.11. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The company has a market capitalization of $59.10 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.71.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 20.93% and a return on equity of 3.12%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, sell-side analysts anticipate that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.271 dividend. This represents a c) dividend on an annualized basis 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 Company 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.