Patron Partners LLC Takes Position in Realty Income Corporation $O

Patron Partners LLC bought a new position in shares of Realty Income Corporation (NYSE:O) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 17,663 shares of the real estate investment trust’s stock, valued at approximately $1,094,000.

Several other hedge funds have also recently bought and sold shares of O. EFG International AG acquired a new position in Realty Income during the fourth quarter valued at approximately $26,000. Dunhill Financial LLC acquired a new stake in shares of Realty Income in the second quarter worth $27,000. Evolution Wealth Management Inc. raised its stake in shares of Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 360 shares during the period. Quattro Advisors LLC acquired a new position in shares of Realty Income during the 4th quarter valued at $29,000. Finally, Sankala Group LLC acquired a new position in shares of Realty Income during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the subject of several recent research reports. UBS Group set a $67.00 price target on Realty Income in a report on Thursday, June 18th. Huntington assumed coverage on Realty Income in a research note on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price objective on the stock. Weiss Ratings raised Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Barclays lowered their target price on Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Finally, Morgan Stanley set a $67.00 target price on Realty Income in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Stock Performance

Shares of O stock opened at $62.61 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The company’s fifty day moving average price is $63.18 and its two-hundred day moving average price is $63.16. The firm has a market capitalization of $59.24 billion, a P/E ratio of 45.70, a P/E/G ratio of 4.48 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 announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, research analysts anticipate that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, August 31st. Realty Income’s dividend payout ratio (DPR) is 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.