NewEdge Wealth LLC Sells 8,065 Shares of Realty Income Corporation $O

NewEdge Wealth LLC decreased its stake in shares of Realty Income Corporation (NYSE:O) by 30.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,384 shares of the real estate investment trust’s stock after selling 8,065 shares during the quarter. NewEdge Wealth LLC’s holdings in Realty Income were worth $1,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of O. Vanguard Group Inc. grew its stake in Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after acquiring an additional 684,949 shares during the period. Sound Income Strategies LLC raised its position in shares of Realty Income by 8.2% during the fourth quarter. Sound Income Strategies LLC now owns 352,918 shares of the real estate investment trust’s stock worth $21,676,000 after purchasing an additional 26,890 shares during the period. LDR Capital Management LLC raised its position in shares of Realty Income by 117.6% during the fourth quarter. LDR Capital Management LLC now owns 29,285 shares of the real estate investment trust’s stock worth $1,651,000 after purchasing an additional 15,825 shares during the period. Danske Bank A S lifted its holdings in shares of Realty Income by 20.3% in the 4th quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock worth $32,025,000 after purchasing an additional 95,773 shares in the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Realty Income by 68.8% in the 4th quarter. World Investment Advisors now owns 220,836 shares of the real estate investment trust’s stock worth $12,449,000 after purchasing an additional 90,023 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on O. Robert W. Baird boosted their price target on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research note on Monday, April 27th. Royal Bank Of Canada lifted their price objective on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. 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, Wells Fargo & Company boosted their target price on shares of Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $67.11.

Realty Income Stock Down 0.1%

O stock opened at $65.52 on Tuesday. The firm has a market capitalization of $61.10 billion, a PE ratio of 53.70, a P/E/G ratio of 5.12 and a beta of 0.72. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The stock’s 50 day moving average is $62.53 and its 200-day moving average is $62.79.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.Realty Income’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, July 31st. Realty Income’s payout ratio is currently 266.39%.

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.