HighTower Advisors LLC Raises Stock Holdings in Realty Income Corporation $O

HighTower Advisors LLC lifted its position in Realty Income Corporation (NYSE:O) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 437,867 shares of the real estate investment trust’s stock after purchasing an additional 13,975 shares during the quarter. HighTower Advisors LLC’s holdings in Realty Income were worth $27,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dunhill Financial LLC acquired a new position in Realty Income during the second quarter valued at $27,000. EFG International AG purchased a new position in shares of Realty Income during the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. lifted its holdings in shares of Realty Income by 257.1% in the 4th 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 acquired a new position in shares of Realty Income in the 4th quarter valued at about $29,000. Finally, Sankala Group LLC purchased a new stake in shares of Realty Income in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of several recent research reports. Stifel Nicolaus set a $70.75 price target on Realty Income in a research report on Tuesday, June 30th. Robert W. Baird raised their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. UBS Group set a $67.00 target price on shares of Realty Income in a report on Thursday, June 18th. Barclays lowered their price target on shares of Realty Income from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Jefferies Financial Group initiated coverage on shares of Realty Income in a report on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.23.

Realty Income Trading Down 0.4%

Shares of NYSE:O opened at $61.02 on Wednesday. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The firm has a market capitalization of $57.74 billion, a price-to-earnings ratio of 44.54, a price-to-earnings-growth ratio of 4.35 and a beta of 0.71. 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 50 day moving average price is $63.21 and its 200-day moving average price is $62.98.

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

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.2715 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is 237.23%.

Realty Income Company 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.