Van Hulzen Asset Management LLC Buys New Stake in Realty Income Corporation $O

Van Hulzen Asset Management LLC bought a new stake in Realty Income Corporation (NYSE:O) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,344 shares of the real estate investment trust’s stock, valued at approximately $889,000.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Realty Income by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after buying an additional 684,949 shares in the last quarter. BlackRock Inc. acquired a new stake in Realty Income in the second quarter worth about $6,997,219,000. State Street Corp boosted its holdings in Realty Income by 0.8% in the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock worth $3,599,676,000 after acquiring an additional 531,095 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Realty Income by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after acquiring an additional 793,100 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after acquiring an additional 3,252,091 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

NYSE:O opened at $63.16 on Tuesday. The firm’s fifty day moving average is $63.20 and its two-hundred day moving average is $63.19. The firm has a market cap of $59.77 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 4.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Research analysts expect that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.271 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Monday, August 31st. Realty Income’s dividend payout ratio (DPR) is currently 237.23%.

Wall Street Analyst Weigh In

O has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on shares of Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective for the company. Scotiabank dropped their target price on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Huntington began coverage on shares of Realty Income in a research note on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target on the stock. UBS Group set a $67.00 price target on shares of Realty Income in a report on Thursday, June 18th. Finally, Barclays lowered their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Realty Income currently has a consensus rating of “Moderate Buy” and an average target price of $67.42.

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.