Dearborn Partners LLC Takes $4.64 Million Position in Realty Income Corporation $O

Dearborn Partners LLC bought a new position in shares of Realty Income Corporation (NYSE:O) in the second quarter, Holdings Channel reports. The firm bought 75,806 shares of the real estate investment trust’s stock, valued at approximately $4,638,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DGS Capital Management LLC lifted its position in Realty Income by 4.3% during the fourth quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 158 shares in the last quarter. Tactive Advisors LLC increased its position in shares of Realty Income by 1.8% in the second quarter. Tactive Advisors LLC now owns 9,239 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 163 shares in the last quarter. Patrick M Sweeney & Associates Inc. increased its position in shares of Realty Income by 4.5% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 164 shares in the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of Realty Income by 7.4% in the 4th quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 166 shares during the period. Finally, First National Trust Co raised its stake in shares of Realty Income by 1.2% in the 4th quarter. First National Trust Co now owns 15,109 shares of the real estate investment trust’s stock valued at $852,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research reports. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Barclays cut their price objective on Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Robert W. Baird boosted their price objective on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Huntington started coverage on Realty Income in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 target price for the company. Finally, UBS Group set a $67.00 target price on Realty Income in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Realty Income presently has an average rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Price Performance

O opened at $63.16 on Tuesday. The company has a fifty day simple moving average of $63.20 and a 200 day simple moving average of $63.19. The firm has a market cap of $59.77 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 4.44 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 current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $1.40 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’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. Equities research analysts expect that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 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 Monday, August 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.