9,479 Shares in Realty Income Corporation $O Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC purchased a new stake in shares of Realty Income Corporation (NYSE:O) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,479 shares of the real estate investment trust’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EFG International AG purchased a new stake in shares of Realty Income during the 4th quarter worth about $26,000. Evolution Wealth Management Inc. increased 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 purchasing an additional 360 shares in the last quarter. Quattro Advisors LLC acquired a new position in Realty Income in the 4th quarter worth about $29,000. Sankala Group LLC acquired a new position in Realty Income in the 4th quarter worth about $32,000. Finally, Costello Asset Management INC purchased a new position in Realty Income during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $62.46 on Tuesday. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The stock has a 50 day moving average of $63.12 and a two-hundred day moving average of $63.11. 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 firm has a market cap of $59.10 billion, a P/E ratio of 45.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.71.

Realty Income (NYSE:O) last released 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. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.271 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, July 31st. Realty Income’s dividend payout ratio (DPR) is currently 237.23%.

Analyst Ratings Changes

Several brokerages have commented on O. UBS Group set a $67.00 price objective on Realty Income in a report on Thursday, June 18th. Royal Bank Of Canada reduced their target price on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wells Fargo & Company lifted their price target on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Finally, Morgan Stanley set a $67.00 price target on shares of 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.42.

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.