Simplicity Wealth LLC Purchases New Shares in Realty Income Corporation $O

Simplicity Wealth LLC acquired a new position in Realty Income Corporation (NYSE:O) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,259 shares of the real estate investment trust’s stock, valued at approximately $2,618,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EFG International AG purchased a new position in Realty Income in the 4th quarter valued at approximately $26,000. Evolution Wealth Management Inc. boosted its position in 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 period. Quattro Advisors LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $29,000. Sankala Group LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $32,000. Finally, Costello Asset Management INC bought a new stake in Realty Income in the fourth quarter valued at $37,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on O shares. Robert W. Baird lifted their price target on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Weiss Ratings raised Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Huntington started coverage on Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price objective for the company. Mizuho lowered their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Finally, UBS Group set a $67.00 target price on Realty Income in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.42.

Realty Income Stock Performance

O stock opened at $62.75 on Monday. The stock’s 50 day simple moving average is $63.07 and its 200 day simple moving average is $63.10. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a 12-month low of $55.86 and a 12-month high of $67.93. The stock has a market capitalization of $59.38 billion, a PE ratio of 45.80, a price-to-earnings-growth 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. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, research analysts forecast that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

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.