WealthPLAN Partners LLC Cuts Stock Holdings in Realty Income Corporation $O

WealthPLAN Partners LLC lowered its position in Realty Income Corporation (NYSE:O) by 26.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 39,897 shares of the real estate investment trust’s stock after selling 14,574 shares during the period. WealthPLAN Partners LLC’s holdings in Realty Income were worth $2,441,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Realty Income during the fourth quarter worth about $558,775,000. Morgan Stanley lifted 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 worth $1,031,080,000 after buying an additional 3,252,091 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Realty Income by 45.1% in the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after buying an additional 1,554,726 shares during the last quarter. State Street Corp boosted its stake in shares of Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after buying an additional 1,295,936 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Realty Income by 8.3% in the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock valued at $603,131,000 after acquiring an additional 823,489 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

O has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday. Barclays boosted their price objective on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Mizuho decreased their target price on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $70.75 target price on Realty Income in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $66.65.

Realty Income Trading Up 1.3%

Shares of O stock opened at $64.00 on Wednesday. The company has a 50 day moving average of $61.99 and a 200-day moving average of $62.03. 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 Corporation has a 12-month low of $55.86 and a 12-month high of $67.93. The firm has a market cap of $59.68 billion, a P/E ratio of 52.46, a PEG ratio of 4.93 and a beta of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. Realty Income’s revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts anticipate that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Announces Dividend

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

Realty Income Company 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.