Principle Wealth Partners LLC Takes $587,000 Position in Realty Income Corporation $O

Principle Wealth Partners LLC acquired a new position in Realty Income Corporation (NYSE:O) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,479 shares of the real estate investment trust’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. EFG International AG acquired a new stake in shares of Realty Income during the 4th quarter worth about $26,000. Evolution Wealth Management Inc. lifted its position in Realty Income by 257.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 360 shares during the last quarter. Quattro Advisors LLC acquired a new position in Realty Income in the fourth quarter valued at about $29,000. Sankala Group LLC purchased a new position in Realty Income during the fourth quarter worth about $32,000. Finally, Canton Hathaway LLC purchased a new position in Realty Income during the first quarter worth about $40,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on O shares. Huntington initiated coverage on shares of Realty Income in a report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 target price for the company. UBS Group set a $67.00 price target on Realty Income in a research note on Thursday, June 18th. Mizuho lowered their price target 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. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Scotiabank decreased their target price on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Realty Income currently has an average rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Stock Performance

Shares of O stock opened at $62.46 on Tuesday. The stock’s 50-day moving average is $63.12 and its two-hundred day moving average is $63.11. The firm has a market cap of $59.10 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 4.46 and a beta of 0.71. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88.

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

Realty Income Dividend Announcement

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

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.