Realty Income Corporation $O Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in Realty Income Corporation (NYSE:O) by 37.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,169 shares of the real estate investment trust’s stock after purchasing an additional 12,246 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Realty Income were worth $2,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. EFG International AG bought a new position in Realty Income in the 4th quarter worth about $26,000. Dunhill Financial LLC acquired a new stake in shares of Realty Income in the second quarter valued at approximately $27,000. 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 valued at $28,000 after buying an additional 360 shares during the last quarter. Quattro Advisors LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $29,000. Finally, Sankala Group LLC acquired a new position in shares of Realty Income during the fourth quarter worth approximately $32,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.0%

Shares of NYSE:O opened at $61.22 on Tuesday. The company has a 50 day moving average of $63.23 and a 200-day moving average of $63.00. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The firm has a market cap of $57.93 billion, a P/E ratio of 44.69, a P/E/G ratio of 4.35 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.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business earned $1.05 earnings per share. The business’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. As a group, analysts anticipate that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Monday, August 31st. Realty Income’s dividend payout ratio (DPR) is presently 237.23%.

Analyst Ratings Changes

A number of brokerages recently issued reports on O. Evercore set a $68.00 price objective on Realty Income in a report on Friday, August 7th. Wells Fargo & Company cut their target price on Realty Income from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. UBS Group set a $67.00 price target on Realty Income in a research report on Thursday, June 18th. Jefferies Financial Group began coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price target for the company. Finally, Royal Bank Of Canada lowered their price target on Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.23.

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.