13,542 Shares in Realty Income Corporation $O Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new stake in Realty Income Corporation (NYSE:O) during the second quarter, HoldingsChannel.com reports. The fund purchased 13,542 shares of the real estate investment trust’s stock, valued at approximately $849,000.

A number of other institutional investors have also recently bought and sold shares of the stock. EFG International AG bought a new stake in shares of Realty Income during the fourth quarter worth $26,000. Evolution Wealth Management Inc. raised its holdings in shares of Realty Income by 257.1% during the fourth 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 during the period. Quattro Advisors LLC bought a new stake in Realty Income in the 4th quarter valued at $29,000. Sankala Group LLC bought a new stake in Realty Income in the 4th quarter valued at $32,000. Finally, Canton Hathaway LLC acquired a new position in Realty Income in the 1st quarter worth $40,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.0%

Shares of O stock opened at $62.75 on Monday. 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 firm’s fifty day moving average price is $63.07 and its two-hundred day moving average price is $63.10. The firm has a market capitalization of $59.38 billion, a P/E ratio of 45.80, a PEG ratio of 4.46 and a beta of 0.71.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, equities analysts predict that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on O shares. Stifel Nicolaus set a $70.75 target price on Realty Income in a report on Tuesday, June 30th. Barclays cut their price target on Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Mizuho reduced their price objective 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. Evercore set a $68.00 price objective on Realty Income in a report on Friday, August 7th. Finally, Robert W. Baird lifted their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given 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 “Moderate Buy” and an average target price of $67.42.

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.