Sterling Financial Planning Inc. Invests $796,000 in Realty Income Corporation $O

Sterling Financial Planning Inc. acquired a new stake in shares of Realty Income Corporation (NYSE:O) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,841 shares of the real estate investment trust’s stock, valued at approximately $796,000.

A number of other large investors also recently modified their holdings of O. EFG International AG purchased a new stake in Realty Income in the 4th quarter worth $26,000. Dunhill Financial LLC bought a new stake in Realty Income during the second quarter valued at about $27,000. Evolution Wealth Management Inc. lifted its position in shares of Realty Income by 257.1% in the fourth 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 in the last quarter. Quattro Advisors LLC purchased a new position in shares of Realty Income in the fourth quarter valued at about $29,000. Finally, Sankala Group LLC bought a new position in shares of Realty Income in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on O shares. Morgan Stanley set a $67.00 price target on Realty Income in a report on Monday, April 27th. UBS Group set a $67.00 price objective on shares of Realty Income in a research report on Thursday, June 18th. Huntington started coverage on shares of Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 target price for the company. Robert W. Baird raised their target price on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Finally, Scotiabank reduced their price target on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.42.

Realty Income Stock Down 0.9%

Shares of NYSE:O opened at $62.61 on Friday. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 45.70, a PEG 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. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $63.18 and a 200 day moving average price of $63.16.

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. 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities research analysts predict that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.271 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. Realty Income’s payout ratio is currently 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.