58,509 Shares in Realty Income Corporation $O Acquired by Clearstead Trust LLC

Clearstead Trust LLC bought a new stake in Realty Income Corporation (NYSE:O) in the 2nd quarter, HoldingsChannel reports. The fund bought 58,509 shares of the real estate investment trust’s stock, valued at approximately $3,625,000.

Several other institutional investors and hedge funds have also bought and sold shares of O. Bridgewater Advisors Inc. acquired a new position in shares of Realty Income during the second quarter worth $413,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Realty Income in the 2nd quarter worth $830,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Realty Income in the 2nd quarter worth $263,000. Soltis Investment Advisors LLC grew its stake in Realty Income by 8.6% during the 2nd quarter. Soltis Investment Advisors LLC now owns 192,731 shares of the real estate investment trust’s stock worth $11,942,000 after buying an additional 15,233 shares during the last quarter. Finally, Integrity Alliance LLC. grew its stake in Realty Income by 22.2% during the 2nd quarter. Integrity Alliance LLC. now owns 19,306 shares of the real estate investment trust’s stock worth $1,196,000 after buying an additional 3,505 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income News Summary

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings raised shares of Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Mizuho lowered their target price 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. Scotiabank dropped their target price on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Finally, Huntington assumed coverage on shares of Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Stock Down 0.3%

Shares of O stock opened at $62.75 on Friday. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The firm 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. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. The stock’s 50-day simple moving average is $63.07 and its 200-day simple moving average is $63.08.

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

Realty Income Announces Dividend

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