TMB Capital Partners LLC Invests $1.62 Million in Realty Income Corporation $O

TMB Capital Partners LLC acquired a new position in shares of Realty Income Corporation (NYSE:O) in the 4th quarter, HoldingsChannel reports. The fund acquired 28,689 shares of the real estate investment trust’s stock, valued at approximately $1,617,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Wealth Management Group Inc. bought a new position in Realty Income in the 4th quarter worth $459,000. Corient Private Wealth LLC boosted its holdings in Realty Income by 51.6% during the fourth quarter. Corient Private Wealth LLC now owns 175,075 shares of the real estate investment trust’s stock valued at $9,696,000 after acquiring an additional 59,570 shares during the period. CrossGen Wealth LLC bought a new stake in Realty Income during the fourth quarter valued at about $840,000. Strive Financial Group LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $198,000. Finally, Ameriflex Group Inc. grew its position in shares of Realty Income by 361.0% in the fourth quarter. Ameriflex Group Inc. now owns 2,434 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 1,906 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE O opened at $60.35 on Friday. The firm has a market capitalization of $56.27 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 4.74 and a beta of 0.72. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The business has a fifty day simple moving average of $62.37 and a 200 day simple moving average of $61.59. 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 quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.44 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is 266.39%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on O. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Scotiabank cut their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a report on Thursday. 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. Finally, Jefferies Financial Group initiated coverage on shares of Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.75.

Insider Buying and Selling at Realty Income

In related news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, the insider owned 67,641 shares of the company’s stock, valued at $4,222,151.22. The trade was a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.