HBK Sorce Advisory LLC Makes New Investment in Realty Income Corporation $O

HBK Sorce Advisory LLC bought a new stake in shares of Realty Income Corporation (NYSE:O) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,542 shares of the real estate investment trust’s stock, valued at approximately $849,000.

Several other hedge funds also recently modified their holdings of O. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter worth approximately $558,775,000. Bank of New York Mellon Corp acquired a new stake in Realty Income during the 2nd quarter worth $340,180,000. Morgan Stanley raised its position in shares of Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after acquiring an additional 3,252,091 shares during the last quarter. Deutsche Bank AG raised its position in shares of Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after acquiring an additional 1,554,726 shares during the last quarter. Finally, Amundi lifted its stake in shares of Realty Income by 56.7% in the 1st quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock valued at $255,934,000 after purchasing an additional 1,514,119 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho reduced their price target on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Barclays dropped their price objective on Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Scotiabank cut their target price on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings raised Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. 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 given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Trading Up 0.0%

Shares of NYSE O opened at $62.75 on Monday. The company’s fifty day moving average is $63.07 and its 200-day moving average is $63.10. The stock has a market cap of $59.38 billion, a price-to-earnings ratio of 45.80, a P/E/G ratio of 4.46 and a beta of 0.71. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The firm’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. Equities research analysts predict that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Dividend Announcement

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

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.