Edgemoor Investment Advisors Inc. Buys 11,674 Shares of Realty Income Corporation $O

Edgemoor Investment Advisors Inc. increased its stake in shares of Realty Income Corporation (NYSE:O) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 205,392 shares of the real estate investment trust’s stock after purchasing an additional 11,674 shares during the quarter. Realty Income makes up 0.9% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 29th biggest position. Edgemoor Investment Advisors Inc.’s holdings in Realty Income were worth $11,578,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Forsta AP Fonden grew its position in Realty Income by 4.9% in the 4th quarter. Forsta AP Fonden now owns 220,600 shares of the real estate investment trust’s stock valued at $12,435,000 after acquiring an additional 10,300 shares during the last quarter. Norges Bank bought a new position in Realty Income in the 4th quarter valued at $558,775,000. Eurizon SLJ Capital Ltd bought a new position in Realty Income in the 4th quarter valued at $138,000. Eurizon Capital SGR S.p.A. bought a new position in Realty Income in the 4th quarter valued at $8,121,000. Finally, Fideuram Asset Management Ireland dac bought a new position in Realty Income in the 4th quarter valued at $545,000. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In related news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the transaction, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This represents a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group upped their price objective on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada upped their target price on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Morgan Stanley set a $67.00 target price on Realty Income in a report on Monday, April 27th. Stifel Nicolaus upped their target price on Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Barclays upped their target price on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.35.

Realty Income Trading Down 0.6%

Shares of NYSE:O opened at $61.31 on Friday. The business’s 50-day moving average is $62.48 and its 200 day moving average is $61.16. Realty Income Corporation has a 1 year low of $55.52 and a 1 year high of $67.93. The firm has a market capitalization of $57.17 billion, a P/E ratio of 50.25, a P/E/G ratio of 4.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

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

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.2705 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income’s dividend payout ratio is currently 265.57%.

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.