Miller Global Investments LLC Takes $895,000 Position in Realty Income Corporation $O

Miller Global Investments LLC bought a new position in Realty Income Corporation (NYSE:O) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,870 shares of the real estate investment trust’s stock, valued at approximately $895,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stance Capital LLC purchased a new stake in Realty Income in the 3rd quarter worth $27,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Realty Income during the third quarter valued at about $29,000. Strengthening Families & Communities LLC grew its position in shares of Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Realty Income in the second quarter worth about $31,000. Finally, Country Trust Bank increased its holdings in shares of Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $62.62 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $58.39 billion, a price-to-earnings ratio of 53.52, a price-to-earnings-growth ratio of 4.67 and a beta of 0.77. The firm has a 50-day moving average of $63.43 and a two-hundred day moving average of $60.03. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $67.93.

Realty Income (NYSE:O) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.2705 per share. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.2%. Realty Income’s dividend payout ratio is presently 276.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on O shares. Evercore reissued a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Morgan Stanley lifted their price objective on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 24th. Cantor Fitzgerald upped their price objective on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, UBS Group raised their target price on shares of Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 9th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $66.39.

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.