WESPAC Advisors LLC Sells 8,515 Shares of Realty Income Corporation $O

WESPAC Advisors LLC lowered its position in shares of Realty Income Corporation (NYSE:O) by 65.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,549 shares of the real estate investment trust’s stock after selling 8,515 shares during the period. WESPAC Advisors LLC’s holdings in Realty Income were worth $256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Vanguard Group Inc. boosted its holdings in Realty Income by 2.5% in the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock worth $9,102,107,000 after acquiring an additional 3,594,127 shares in the last quarter. State Street Corp boosted its holdings in shares of Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after acquiring an additional 1,295,936 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Realty Income by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock worth $770,273,000 after purchasing an additional 433,602 shares during the last quarter. Raymond James Financial Inc. lifted its position in Realty Income by 1.5% during the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock valued at $740,844,000 after purchasing an additional 175,102 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Realty Income by 0.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,970,350 shares of the real estate investment trust’s stock worth $241,357,000 after buying an additional 16,855 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on O. Mizuho raised their target price on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Cantor Fitzgerald lifted their target price on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. restated an “underweight” rating and set a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Morgan Stanley lifted their price target 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. Finally, Barclays boosted their price target on Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $66.39.

Realty Income Trading Up 0.1%

O opened at $60.73 on Monday. The firm has a market capitalization of $56.62 billion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 4.49 and a beta of 0.77. The company’s 50 day simple moving average is $63.52 and its two-hundred day simple moving average is $60.13. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.2705 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is currently 276.92%.

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.