Edgestream Partners L.P. Has $9.03 Million Stake in Realty Income Corporation $O

Edgestream Partners L.P. raised its stake in shares of Realty Income Corporation (NYSE:O) by 160.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 147,569 shares of the real estate investment trust’s stock after acquiring an additional 90,916 shares during the quarter. Edgestream Partners L.P.’s holdings in Realty Income were worth $9,028,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Realty Income in the fourth quarter valued at $571,000. Empowered Funds LLC lifted its position in Realty Income by 8.0% in the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 1,330 shares during the period. Woodline Partners LP lifted its position in Realty Income by 41.3% in the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock worth $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after buying an additional 3,290 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on O shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a report on Wednesday, July 8th. Scotiabank decreased their target price on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Wells Fargo & Company upped their target price on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Morgan Stanley set a $67.00 price target on shares of Realty Income in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.11.

Realty Income Stock Performance

Shares of NYSE:O opened at $65.48 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The business’s fifty day moving average price is $62.67 and its two-hundred day moving average price is $62.90. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The stock has a market capitalization of $61.06 billion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 5.13 and a beta of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.06 earnings per share. The business’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. As a group, analysts predict that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.271 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. Realty Income’s dividend payout ratio (DPR) 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.