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

WESPAC Advisors LLC lessened its stake in shares of Realty Income Corporation (NYSE:O) by 65.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,549 shares of the real estate investment trust’s stock after selling 8,515 shares during the quarter. WESPAC Advisors LLC’s holdings in Realty Income were worth $256,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Realty Income by 2.5% in the 3rd 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. Schroder Investment Management Group increased its stake in Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after purchasing an additional 1,728,082 shares in the last quarter. State Street Corp raised its holdings in 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 worth $3,831,526,000 after acquiring an additional 1,295,936 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Realty Income by 402.3% during the 2nd quarter. First Trust Advisors LP now owns 1,200,389 shares of the real estate investment trust’s stock valued at $69,154,000 after acquiring an additional 961,416 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Realty Income by 52.7% during the third quarter. Barclays PLC now owns 2,741,766 shares of the real estate investment trust’s stock valued at $166,672,000 after purchasing an additional 946,815 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on O. Freedom Capital cut Realty Income from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. UBS Group upped their price target on shares of Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Royal Bank Of Canada lifted their price target on shares of Realty Income from $61.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Finally, Loop Capital set a $69.00 price objective on Realty Income in a research note on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $66.39.

Realty Income Stock Up 0.1%

Shares of O stock opened at $60.73 on Monday. The company has a market capitalization of $56.62 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 4.49 and a beta of 0.77. 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 company’s fifty day moving average price is $63.52 and its 200-day moving average price is $60.13. Realty Income Corporation has a one year low of $50.71 and a one year high of $67.93.

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

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given 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 an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is currently 276.92%.

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.