Brookstone Capital Management Sells 12,641 Shares of Realty Income Corporation $O

Brookstone Capital Management reduced its position in shares of Realty Income Corporation (NYSE:O) by 5.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 202,887 shares of the real estate investment trust’s stock after selling 12,641 shares during the quarter. Brookstone Capital Management’s holdings in Realty Income were worth $12,413,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EFG International AG bought a new stake in Realty Income in the 4th quarter valued at approximately $26,000. Stance Capital LLC bought a new position in shares of Realty Income during the 3rd quarter worth approximately $27,000. Evolution Wealth Management Inc. grew its stake in shares of Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Quattro Advisors LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $29,000. Finally, Ameriflex Group Inc. raised its holdings 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 valued at $32,000 after purchasing an additional 215 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of a number of research reports. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Morgan Stanley set a $67.00 target price on shares of Realty Income in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Loop Capital set a $69.00 price target on shares of Realty Income in a research report on Monday, March 2nd. Finally, Scotiabank reduced their price objective on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.75.

Insider Transactions at Realty Income

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the sale, the insider directly owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.5%

NYSE:O opened at $60.55 on Tuesday. The firm has a market capitalization of $56.46 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The stock’s 50 day moving average price is $62.27 and its two-hundred day moving average price is $61.63. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.55 billion for 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%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts expect that Realty Income Corporation will post 4.44 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.271 per share. The ex-dividend date is Tuesday, June 30th. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income’s dividend payout ratio is presently 266.39%.

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.