WealthPLAN Partners LLC Has $2.44 Million Stock Position in Realty Income Corporation $O

WealthPLAN Partners LLC reduced its holdings in Realty Income Corporation (NYSE:O) by 26.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,897 shares of the real estate investment trust’s stock after selling 14,574 shares during the quarter. WealthPLAN Partners LLC’s holdings in Realty Income were worth $2,441,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Realty Income by 0.5% in 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 acquiring an additional 684,949 shares in the last quarter. State Street Corp boosted its stake in Realty Income by 0.8% during 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 holdings in Realty Income by 2.8% in 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 purchasing an additional 793,100 shares during the period. Morgan Stanley grew its holdings in Realty Income by 21.6% in 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 purchasing an additional 3,252,091 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Realty Income by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,863,638 shares of the real estate investment trust’s stock valued at $725,144,000 after purchasing an additional 192,467 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the topic of several research reports. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Jefferies Financial Group initiated coverage on Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 target price for the company. Scotiabank dropped their price target 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. Barclays increased their price target on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird raised their price objective on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.65.

Realty Income Stock Up 1.3%

Realty Income stock opened at $64.00 on Wednesday. The firm has a market capitalization of $59.68 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 4.93 and a beta of 0.72. The firm’s fifty day moving average price is $61.99 and its two-hundred day moving average price is $62.03. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, equities research analysts predict that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.1%. Realty Income’s dividend payout ratio is 266.39%.

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.