Family Legacy Inc. Takes Position in Realty Income Corporation $O

Family Legacy Inc. bought a new stake in shares of Realty Income Corporation (NYSE:O) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,896 shares of the real estate investment trust’s stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds have also bought and sold shares of O. Vanguard Group Inc. boosted its holdings in Realty Income by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after acquiring an additional 684,949 shares during the last quarter. State Street Corp lifted its position in shares of Realty Income by 0.8% during the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after purchasing an additional 531,095 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Realty Income by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after purchasing an additional 793,100 shares in the last quarter. Morgan Stanley boosted its holdings in Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after purchasing an additional 3,252,091 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Realty Income by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust’s stock worth $796,457,000 after purchasing an additional 154,581 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Mizuho decreased their price objective on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Huntington started coverage on Realty Income in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 target price on the stock. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Robert W. Baird upped their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. Finally, Morgan Stanley set a $67.00 price target on Realty Income in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Realty Income has an average rating of “Moderate Buy” and a consensus target price of $67.42.

Realty Income Stock Down 0.3%

Shares of NYSE O opened at $62.75 on Friday. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The business’s fifty day moving average price is $63.07 and its 200-day moving average price is $63.08. The stock has a market capitalization of $59.38 billion, a PE ratio of 45.80, a P/E/G ratio of 4.46 and a beta of 0.71.

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

Realty Income Announces Dividend

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

Key Realty Income News

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income completed a $1.0 billion offering of 3.750% convertible senior notes due 2031, including the full exercise of an additional $125 million option. The proceeds are expected to support a share repurchase of at least $750 million, debt repayment, property acquisitions and portfolio expansion. Realty Income Announces Closing of $1.0 Billion Convertible Senior Notes Offering
• Positive Sentiment: Capped-call transactions tied to the notes are designed to reduce potential shareholder dilution. The financing also gives Realty Income additional flexibility to pursue growth while maintaining its investment-grade balance sheet and A credit rating.
• Neutral Sentiment: The bull case emphasizes Realty Income’s 30.3% three-year total return and dependable monthly dividend. However, investors are debating whether the newly announced buyback and growth investments can materially improve returns from current valuation levels. The Bull Case For Realty Income Could Change Following $1 Billion Convertible Notes And Buyback Plan
• Negative Sentiment: Analysts characterize Realty Income as fully priced or expensive rather than a clear bargain. Its strong recent performance may leave less room for error, while higher interest costs or tenant weakness could pressure future results. Realty Income Stock Looks Fully Priced Despite Strong Returns And Income
• Negative Sentiment: Ashton Thomas Private Wealth LLC reduced its Realty Income position by 20.5%, selling 11,873 shares. The transaction is small relative to the company’s market value but adds a modest institutional-selling signal. Realty Income Corporation Stock Position Reduced by Ashton Thomas Private Wealth LLC

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.