Prestige Wealth Management Group LLC Sells 12,562 Shares of Realty Income Corporation $O

Prestige Wealth Management Group LLC lessened its stake in Realty Income Corporation (NYSE:O) by 93.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 881 shares of the real estate investment trust’s stock after selling 12,562 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Realty Income were worth $50,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 worth $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 worth $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 worth $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 worth $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 worth $852,000 after buying an additional 180 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

O opened at $60.90 on Friday. Realty Income Corporation has a 12-month low of $55.60 and a 12-month high of $67.93. The stock has a market cap 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 business has a 50 day moving average of $62.38 and a 200-day moving average of $61.27. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last released its quarterly earnings data 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 company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s revenue was up 12.2% on a year-over-year basis. 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, equities research 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 disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.2705 per share. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a yield of 5.3%. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.

Analyst Ratings Changes

Several research firms have recently weighed in on O. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Cantor Fitzgerald upped their price objective on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Morgan Stanley set a $67.00 price objective on Realty Income in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.46.

Insiders Place Their Bets

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction on 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 owned 67,641 shares in the company, valued at $4,222,151.22. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

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.