Paralel Advisors LLC Makes New $3.53 Million Investment in Realty Income Corporation $O

Paralel Advisors LLC bought a new stake in shares of Realty Income Corporation (NYSE:O) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 57,000 shares of the real estate investment trust’s stock, valued at approximately $3,532,000. Realty Income accounts for 0.1% of Paralel Advisors LLC’s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of O. Vanguard Group Inc. raised its position in Realty Income by 0.5% during the fourth 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 during the period. BlackRock Inc. purchased a new stake in Realty Income in the 2nd quarter worth about $6,997,219,000. State Street Corp boosted its position in Realty Income by 0.8% during the 4th 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 during the period. Geode Capital Management LLC boosted its position in Realty Income by 2.8% during the 4th 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 period. Finally, Morgan Stanley grew its stake in 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 in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on O. Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th. Evercore set a $68.00 price target on shares of Realty Income in a report on Friday, August 7th. Jefferies Financial Group began coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 price objective on the stock. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research note on Monday, April 27th. Finally, UBS Group set a $67.00 target price on shares of Realty Income in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Price Performance

O opened at $63.27 on Friday. The stock has a fifty day moving average price of $63.18 and a 200 day moving average price of $63.16. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The stock has a market cap of $59.87 billion, a price-to-earnings ratio of 46.18, a PEG ratio of 4.47 and a beta of 0.71.

Realty Income (NYSE:O) last issued its earnings results 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 analyst estimates of $1.40 billion. During the same period in the prior year, the firm posted $1.05 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Analysts forecast that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.271 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.1%. 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.