Linscomb Wealth Inc. Grows Stock Position in Realty Income Corporation $O

Linscomb Wealth Inc. raised its holdings in Realty Income Corporation (NYSE:O) by 17.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 64,762 shares of the real estate investment trust’s stock after acquiring an additional 9,658 shares during the quarter. Linscomb Wealth Inc.’s holdings in Realty Income were worth $3,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stance Capital LLC purchased a new stake in Realty Income in the third quarter valued at about $27,000. Strengthening Families & Communities LLC raised its stake in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the last quarter. Ameriflex Group Inc. raised its stake in shares of Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of Realty Income by 622.2% in the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 560 shares during the last quarter. Finally, Costello Asset Management INC purchased a new position in shares of Realty Income in the fourth quarter worth about $37,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.6%

Shares of O stock opened at $61.31 on Friday. The stock has a 50 day moving average of $62.48 and a 200 day moving average of $61.16. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market cap 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. Realty Income Corporation has a twelve month low of $55.52 and a twelve month 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 for the quarter, beating the consensus estimate 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%.Realty Income’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, sell-side analysts expect that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared 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 is Friday, May 29th. Realty Income’s dividend payout ratio (DPR) is currently 265.57%.

Analysts Set New Price Targets

O has been the subject of several research analyst reports. Cantor Fitzgerald raised their price objective on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. UBS Group raised their price objective on Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Royal Bank Of Canada raised their price objective on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.35.

Insiders Place Their Bets

In related news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 67,641 shares in the company, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.